Belpointe Asset Management LLC Trims Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Belpointe Asset Management LLC cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 88.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,086 shares of the exchange traded fund’s stock after selling 8,530 shares during the period. Belpointe Asset Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDY. PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 3.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,180,336 shares of the exchange traded fund’s stock worth $357,251,000 after purchasing an additional 41,130 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in SPDR S&P MidCap 400 ETF Trust by 185.5% during the third quarter. Rehmann Capital Advisory Group now owns 1,024,094 shares of the exchange traded fund’s stock worth $263,971,680,000 after acquiring an additional 665,330 shares during the last quarter. Raymond James & Associates boosted its position in SPDR S&P MidCap 400 ETF Trust by 2.7% during the fourth quarter. Raymond James & Associates now owns 639,106 shares of the exchange traded fund’s stock worth $193,453,000 after acquiring an additional 16,712 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in SPDR S&P MidCap 400 ETF Trust by 57.0% during the third quarter. The Manufacturers Life Insurance Company now owns 604,324 shares of the exchange traded fund’s stock worth $222,065,000 after acquiring an additional 219,391 shares during the last quarter. Finally, Arvest Bank Trust Division boosted its position in SPDR S&P MidCap 400 ETF Trust by 3.2% during the fourth quarter. Arvest Bank Trust Division now owns 480,406 shares of the exchange traded fund’s stock worth $145,405,000 after acquiring an additional 14,808 shares during the last quarter.

NYSEARCA MDY traded up $1.26 during mid-day trading on Wednesday, reaching $360.21. 961,020 shares of the stock were exchanged, compared to its average volume of 1,112,255. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $284.45 and a 1-year high of $374.10.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th will be issued a $0.8844 dividend. The ex-dividend date is Friday, March 15th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 0.98%.

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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.

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Institutional Ownership by Quarter for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

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