Exchange Capital Management Inc. Lowers Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Exchange Capital Management Inc. reduced its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,845 shares of the exchange traded fund’s stock after selling 307 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up approximately 2.0% of Exchange Capital Management Inc.’s holdings, making the stock its 10th largest holding. Exchange Capital Management Inc. owned approximately 0.05% of SPDR S&P MidCap 400 ETF Trust worth $12,155,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 4.2% during the 3rd quarter. FMR LLC now owns 21,252 shares of the exchange traded fund’s stock worth $9,705,000 after buying an additional 854 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $2,643,000. Qube Research & Technologies Ltd acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $4,396,000. Alpine Global Management LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 246.3% in the 3rd quarter. Alpine Global Management LLC now owns 3,345 shares of the exchange traded fund’s stock valued at $1,527,000 after purchasing an additional 2,379 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $928,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY stock traded up $1.60 during trading hours on Tuesday, reaching $531.25. The company had a trading volume of 533,047 shares, compared to its average volume of 885,704. The company has a 50 day moving average of $538.47 and a 200 day moving average of $526.19. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $558.34.

SPDR S&P MidCap 400 ETF Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 21st will be paid a dividend of $1.9974 per share. The ex-dividend date is Friday, June 21st.

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.