SPDR S&P MidCap 400 ETF Trust (MDY) Shares Sold by Paragon Capital Management LLC

Paragon Capital Management LLC reduced its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,425 shares of the exchange traded fund’s stock after selling 154 shares during the period. Paragon Capital Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,926,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDY. BerganKDV Wealth Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $158,000. Bedel Financial Consulting Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $160,000. CAPROCK Group Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $204,000. WP Advisors LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $203,000. Finally, Chesapeake Wealth Management purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $207,000.

NYSEARCA:MDY traded up $1.48 on Thursday, reaching $361.40. 54,128 shares of the company’s stock were exchanged, compared to its average volume of 1,089,422. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $307.28 and a 52-week high of $366.70.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Monday, June 18th were paid a dividend of $1.0098 per share. The ex-dividend date of this dividend was Friday, June 15th. This is a positive change from SPDR S&P MidCap 400 ETF Trust’s previous quarterly dividend of $0.86. This represents a $4.04 dividend on an annualized basis and a yield of 1.12%.

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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