Sandy Spring Bank Reduces Position in SPDR S&P MidCap 400 ETF Trust (MDY)

Sandy Spring Bank reduced its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,858 shares of the exchange traded fund’s stock after selling 1,890 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for about 3.6% of Sandy Spring Bank’s holdings, making the stock its 3rd biggest position. Sandy Spring Bank’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $42,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Murphy Pohlad Asset Management LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth about $52,000. Lenox Wealth Management Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth about $52,000. Private Ocean LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 93.0% in the fourth quarter. Private Ocean LLC now owns 193 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 93 shares in the last quarter. Finally, Essex Savings Bank purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $61,000.

MDY opened at $346.03 on Monday. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $284.45 and a twelve month high of $374.10.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th were paid a $0.8844 dividend. The ex-dividend date was Friday, March 15th. This represents a $3.54 annualized dividend and a dividend yield of 1.02%.

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SPDR S&P MidCap 400 ETF Trust Company Profile

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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