Cypress Wealth Services LLC Invests $270,000 in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Cypress Wealth Services LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 485 shares of the exchange traded fund’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in SPDR S&P MidCap 400 ETF Trust by 0.9% during the 3rd quarter. Deutsche Bank AG now owns 2,695 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 24 shares in the last quarter. FMR LLC raised its stake 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 valued at $9,705,000 after acquiring an additional 854 shares in the last quarter. Trexquant Investment LP bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at $2,643,000. Qube Research & Technologies Ltd bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at $4,396,000. Finally, Alpine Global Management LLC raised 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 worth $1,527,000 after buying an additional 2,379 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY traded up $2.02 during midday trading on Thursday, reaching $533.57. The stock had a trading volume of 685,879 shares, compared to its average volume of 883,049. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $424.22 and a 52 week high of $558.34. The firm’s 50 day moving average price is $537.80 and its 200-day moving average price is $525.27. The company has a market capitalization of $21.09 billion, a P/E ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 21st will be issued a $1.9974 dividend. The ex-dividend date of this dividend is Friday, June 21st.

SPDR S&P MidCap 400 ETF Trust 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.