Cornerstone Wealth Group LLC Makes New $249,000 Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Cornerstone Wealth Group LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 448 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Granite Bay Wealth Management LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 1.3% during the 4th quarter. Granite Bay Wealth Management LLC now owns 2,570,040 shares of the exchange traded fund’s stock worth $1,192,724,000 after buying an additional 33,187 shares during the last quarter. International Assets Investment Management LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 47,016.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,505,851 shares of the exchange traded fund’s stock valued at $764,039,000 after purchasing an additional 1,502,655 shares during the last quarter. Wells Fargo & Company MN raised its stake in SPDR S&P MidCap 400 ETF Trust by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,476,549 shares of the exchange traded fund’s stock valued at $749,171,000 after purchasing an additional 22,417 shares during the last quarter. Pathstone Holdings LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $485,301,000. Finally, UBS Group AG raised its stake in SPDR S&P MidCap 400 ETF Trust by 2.0% in the 4th quarter. UBS Group AG now owns 611,939 shares of the exchange traded fund’s stock valued at $310,486,000 after purchasing an additional 12,187 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY stock traded up $1.51 during trading on Friday, hitting $535.08. The stock had a trading volume of 901,193 shares, compared to its average volume of 883,160. The company’s 50 day moving average price is $538.47 and its two-hundred day moving average price is $525.98. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $558.34. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Announces Dividend

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

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.