State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- May 4, 1995
- CIK
- 0000936958
- Website
- ssga.com
- Similar Companies
- Business
- SPDR S&P MidCap 400 ETF Trust (MDY) is an exchange-traded fund that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P MidCap 400 Index; the fund employs a full replication technique to track the index, which comprises approximately 400 mid-cap U.S. companies selected for market capitalization, liquidity, and positive earnings over four consecutive quarters; it offers exposure to a diversified portfolio across sectors including industrials, financials, information technology, consumer discretionary, healthcare, and materials, with holdings typically balancing growth and value stocks. Launched on May 4, 1995, as one of the first ETFs in the United States, the trust is managed by State Street Global Advisors, Inc., a division of State Street Corporation, with SSgA Funds Management, Inc. serving as the primary advisor and The Bank of New York Mellon acting as administrator and custodian; it is domiciled in the United States and trades on NYSE Arca; the fund targets investors seeking mid-cap equity exposure, providing broad market representation of companies with market capitalizations generally between $2 billion and $10 billion, covering about 7% of the U.S. equities market. The trust distributes dividends quarterly, with a recent payout ratio around 21.79% and an annual yield approximating 1.15%; it maintains approximately 402 holdings for precise index replication, though its unit investment trust structure precludes securities lending or dividend reinvestment between ex-dates, resulting in a slight tracking difference relative to competitors. No major acquisitions, partnerships, funding rounds, or strategic reorganizations have been reported for the trust in the last 1-2 years; it continues to operate as a passive vehicle benchmarked to the S&P MidCap 400 Index, with assets under management exceeding $23 billion as of late 2025 and sustained quarterly distributions, including $1.619 per share paid on September 19, 2025.