Mechanics Bank Trust Department lessened its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,378 shares of the exchange traded fund’s stock after selling 536 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for approximately 1.2% of Mechanics Bank Trust Department’s portfolio, making the stock its 21st biggest position. Mechanics Bank Trust Department’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $9,329,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. DiNuzzo Private Wealth Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $28,000. West Financial Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $28,000. Brooklyn Investment Group acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth about $36,000. Beaird Harris Wealth Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter worth approximately $67,000. Finally, Peterson Financial Group Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $68,000.
SPDR S&P MidCap 400 ETF Trust Trading Up 0.4 %
Shares of NYSEARCA:MDY opened at $591.11 on Monday. The company has a market capitalization of $23.36 billion, a PE ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $490.24 and a twelve month high of $624.13. The firm has a 50 day simple moving average of $590.29 and a 200-day simple moving average of $569.84.
SPDR S&P MidCap 400 ETF Trust Profile
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.
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