Mechanics Bank Trust Department Has $7 Million Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Mechanics Bank Trust Department cut its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,737 shares of the exchange traded fund’s stock after selling 920 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 1.0% of Mechanics Bank Trust Department’s portfolio, making the stock its 27th largest position. Mechanics Bank Trust Department’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $6,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDY. Brighton Jones LLC grew its position in SPDR S&P MidCap 400 ETF Trust by 12.6% during the 4th quarter. Brighton Jones LLC now owns 2,040 shares of the exchange traded fund’s stock worth $1,162,000 after purchasing an additional 228 shares in the last quarter. Trexquant Investment LP boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 22.2% in the first quarter. Trexquant Investment LP now owns 886 shares of the exchange traded fund’s stock worth $473,000 after buying an additional 161 shares during the period. AQR Capital Management LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 27.9% during the first quarter. AQR Capital Management LLC now owns 6,417 shares of the exchange traded fund’s stock valued at $3,423,000 after buying an additional 1,401 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 4.3% during the first quarter. Integrated Wealth Concepts LLC now owns 1,023 shares of the exchange traded fund’s stock valued at $546,000 after buying an additional 42 shares during the period. Finally, Coordinated Financial Services Inc. CO purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth about $291,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

NYSEARCA:MDY opened at $611.31 on Monday. The stock’s 50-day moving average is $600.31 and its two-hundred day moving average is $591.18. The stock has a market cap of $24.51 billion, a PE ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $458.82 and a fifty-two week high of $622.79.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.