Mercer Global Advisors Inc. ADV Invests $823,000 in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Mercer Global Advisors Inc. ADV bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,721 shares of the exchange traded fund’s stock, valued at approximately $823,000.

Other institutional investors have also recently made changes to their positions in the company. Murphy Pohlad Asset Management LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $26,000. Private Ocean LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 93.0% during the fourth quarter. Private Ocean LLC now owns 193 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 93 shares in the last quarter. Essex Savings Bank acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $61,000. Doyle Wealth Management acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $61,000. Finally, Sound Income Strategies LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 882.6% during the first quarter. Sound Income Strategies LLC now owns 226 shares of the exchange traded fund’s stock valued at $78,000 after acquiring an additional 203 shares in the last quarter.

Shares of MDY traded down $0.95 during mid-day trading on Thursday, hitting $351.17. 1,397,876 shares of the company traded hands, compared to its average volume of 1,130,721. 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 disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th were issued a dividend of $0.8844 per share. The ex-dividend date was Friday, March 15th. This represents a $3.54 annualized dividend and a dividend yield of 1.01%.

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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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