SPDR S&P MidCap 400 ETF (MDY) is Curbstone Financial Management Corp’s 2nd Largest Positio

Curbstone Financial Management Corp reduced its holdings in SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,360 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. SPDR S&P MidCap 400 ETF makes up 4.1% of Curbstone Financial Management Corp’s portfolio, making the stock its 2nd biggest holding. Curbstone Financial Management Corp owned approximately 0.07% of SPDR S&P MidCap 400 ETF worth $14,684,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MDY. Truewealth LLC acquired a new stake in SPDR S&P MidCap 400 ETF during the fourth quarter worth about $107,000. Certified Advisory Corp acquired a new stake in SPDR S&P MidCap 400 ETF during the fourth quarter worth about $110,000. Bedel Financial Consulting Inc. acquired a new stake in SPDR S&P MidCap 400 ETF during the first quarter worth about $160,000. Northeast Financial Consultants Inc acquired a new stake in SPDR S&P MidCap 400 ETF during the fourth quarter worth about $207,000. Finally, Chesapeake Wealth Management acquired a new stake in SPDR S&P MidCap 400 ETF during the first quarter worth about $207,000.

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NYSEARCA:MDY traded up $2.79 on Friday, hitting $361.96. 99,977 shares of the stock were exchanged, compared to its average volume of 1,148,900. SPDR S&P MidCap 400 ETF has a fifty-two week low of $307.28 and a fifty-two week high of $366.10.

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

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.