Mechanics Bank Trust Department Cuts Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Mechanics Bank Trust Department lowered its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,215 shares of the exchange traded fund’s stock after selling 241 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for 1.3% of Mechanics Bank Trust Department’s portfolio, making the stock its 21st largest position. Mechanics Bank Trust Department’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $9,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDY. Thrive Wealth Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $286,000. Divergent Planning LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 3.1% in the 2nd quarter. Divergent Planning LLC now owns 61,926 shares of the exchange traded fund’s stock worth $33,001,000 after buying an additional 1,868 shares during the last quarter. QRG Capital Management Inc. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 29.6% in the second quarter. QRG Capital Management Inc. now owns 644 shares of the exchange traded fund’s stock worth $345,000 after buying an additional 147 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in SPDR S&P MidCap 400 ETF Trust by 36.7% in the second quarter. Sax Wealth Advisors LLC now owns 521 shares of the exchange traded fund’s stock worth $279,000 after buying an additional 140 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in SPDR S&P MidCap 400 ETF Trust by 1.8% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 6,405 shares of the exchange traded fund’s stock valued at $3,427,000 after acquiring an additional 112 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.1 %

Shares of MDY traded down $0.72 during mid-day trading on Friday, reaching $536.11. The company’s stock had a trading volume of 696,321 shares, compared to its average volume of 892,960. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $424.22 and a 52 week high of $574.11. The stock has a market cap of $21.19 billion, a PE ratio of 15.70 and a beta of 1.09. The company’s fifty day moving average price is $541.26 and its two-hundred day moving average price is $535.21.

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.