Sollinda Capital Management LLC Buys New Position in SPDR S&P MidCap 400 ETF Trust $MDY

Sollinda Capital Management LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,107 shares of the exchange traded fund’s stock, valued at approximately $1,874,000. SPDR S&P MidCap 400 ETF Trust makes up approximately 0.5% of Sollinda Capital Management LLC’s portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDY. Activest Wealth Management grew its position in SPDR S&P MidCap 400 ETF Trust by 125.0% in the third quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 30 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 110.0% during the third quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 33 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth $40,000. Cloud Capital Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth $41,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $42,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.8%

MDY opened at $599.03 on Tuesday. The company has a fifty day simple moving average of $635.35 and a 200 day simple moving average of $614.20. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $458.82 and a twelve month high of $662.65.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 20th will be given a $1.5163 dividend. This represents a $6.07 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th.

About SPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.