Contravisory Investment Management Inc. reduced its stake in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 728 shares of the exchange traded fund’s stock after selling 101 shares during the period. Contravisory Investment Management Inc.’s holdings in SPDR S&P MidCap 400 ETF were worth $231,000 as of its most recent filing with the SEC.
Separately, Cue Financial Group Inc. boosted its stake in shares of SPDR S&P MidCap 400 ETF by 3.5% in the second quarter. Cue Financial Group Inc. now owns 4,464 shares of the exchange traded fund’s stock worth $1,418,000 after buying an additional 150 shares during the last quarter.
Shares of SPDR S&P MidCap 400 ETF (MDY) traded down 0.25% during midday trading on Tuesday, hitting $318.25. 1,106,105 shares of the stock were exchanged. SPDR S&P MidCap 400 ETF has a one year low of $268.25 and a one year high of $326.88. The firm has a 50 day moving average of $319.75 and a 200-day moving average of $314.42.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were issued a $0.5241 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, June 16th.
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About SPDR S&P MidCap 400 ETF
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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