5 ETFs to Buy and Hold for the Next 10 Years

2. SPDR S&P MIDCAP 400 ETF Trust (NYSE:MDY)

SPDR S&P MIDCAP 400 ETF Trust (NYSE:MDY) seeks to track the price and yield performance of the S&P MidCap 400 Index, and the benchmark measures the performance of mid-sized companies. The exchange traded fund has close to $19.4 billion in assets under management as of March 10. 

The biggest holding in SPDR S&P MIDCAP 400 ETF Trust (NYSE:MDY)’s portfolio is Camden Property Trust (NYSE:CPT), a Texas-based real estate company primarily investing in the acquisition and construction of multifamily apartment communities. 

On February 3, Camden Property Trust (NYSE:CPT) declared a $0.94 per share quarterly dividend. The dividend is payable on April 18, for shareholders of record on March 31. As of December 31, 2021, Camden Property Trust (NYSE:CPT) had approximately $1.5 billion of liquidity comprising approximately $613.4 million in cash and cash equivalents, and no amounts outstanding on its $900 million unsecured credit facility. The company’s revenue of $305.36 million beat market consensus by $1.01 million, up 16.8% year-over-year.

Of the 924 hedge funds tracked by Insider Monkey in Q4, 26 funds were long Camden Property Trust (NYSE:CPT), up from 23 funds in the previous quarter. Waterfront Capital Partners is one of the leading shareholders of the company, with 375,295 shares worth $67 million.