State Street SPDR S&P MIDCAP 400 ETF Trust
US ˙ ARCA ˙ US78467Y1073

SecurityMDY / State Street SPDR S&P MIDCAP 400 ETF Trust
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership3,092 shares
Latest Disclosed Value $ 1,907,036
Valmark Advisers, Inc. reports 1.47% decrease in ownership of MDY / State Street SPDR S&P MIDCAP 400 ETF Trust

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 3,092 shares of State Street SPDR S&P MIDCAP 400 ETF Trust (US:MDY) valued at $1,907,022 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 3,138 shares of State Street SPDR S&P MIDCAP 400 ETF Trust. This represents a change in shares of -1.47% during the quarter. The current value of the position is $2,085,832 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F STATE STR SPDR S&P MIDCAP 40 UTSER1 S&PDCRP 78467Y107 3,092 -46 -1.47 1,907 0.74 0.0227
2026-01-26 2025-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 3,138 57 1.85 1,893 3.10 0.0233
2025-10-24 2025-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 3,081 391 14.54 1,836 20.55 0.0237
2025-07-23 2025-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,690 224 9.08 1,524 15.82 0.0212
2025-04-23 2025-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,466 -86 -3.37 1,315 -9.50 0.0198
2025-01-30 2024-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,552 -530 -17.20 1,453 -17.21 0.0225
2024-10-25 2024-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 3,082 497 19.23 1,756 26.90 0.0274
2024-08-01 2024-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,585 678 35.55 1,383 30.35 0.0235
2024-05-06 2024-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,907 116 6.48 1,061 16.85 0.0185
2024-02-02 2023-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,791 139 8.41 909 20.42 0.0170
2023-11-08 2023-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,652 119 7.76 754 2.86 0.0157
2023-08-03 2023-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,533 -23 -1.48 734 2.81 0.0149
2023-05-02 2023-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,556 62 4.15 713 7.87 0.0154
2023-02-07 2022-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,494 217 16.99 661 28.85 0.0153
2022-11-03 2022-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,277 13 1.03 513 -1.91 0.0103
2022-08-01 2022-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,264 -17 -1.33 523 -16.72 0.0102
2022-05-10 2022-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,281 -60 -4.47 628 -9.51 0.0111
2022-02-02 2021-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,341 -406 -23.24 694 -17.38 0.0120
2021-11-09 2021-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,747 -5 -0.29 840 -2.33 0.0154
2021-08-06 2021-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,752 -53 -2.94 860 0.12 0.0157
2021-05-04 2021-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,805 -82 -4.35 859 8.46 0.0166
2021-02-03 2020-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,887 -101 -5.08 792 17.68 0.0161
2020-11-09 2020-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,988 61 3.17 673 7.68 0.0153
2020-07-31 2020-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,927 -243 -11.20 625 9.65 0.0147
2020-05-01 2020-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,170 27 1.26 570 -29.10 0.0149
2020-01-31 2019-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,143 -459 -17.64 804 -12.32 0.0174
2019-11-06 2019-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,602 13 0.50 917 -0.11 0.0204
2019-08-07 2019-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,589 -4 -0.15 918 2.46 0.0202
2019-05-10 2019-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,593 37 1.45 896 15.76 0.0200
2019-02-07 2018-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,556 -44 -1.69 774 -18.95 0.0186
2018-11-02 2018-09-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,600 358 15.97 955 19.97 0.0209
2018-08-07 2018-06-30 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,242 -278 -11.03 796 -7.55 0.0176
2018-05-07 2018-03-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 2,520 765 43.59 861 42.08 0.0189
2018-02-09 2017-12-31 13F SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,755 1,755 606 0.0130
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.