FineMark National Bank & Trust Has $70.65 Million Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

FineMark National Bank & Trust decreased its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 124,044 shares of the exchange traded fund’s stock after selling 548 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises about 2.5% of FineMark National Bank & Trust’s holdings, making the stock its 6th biggest position. FineMark National Bank & Trust’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $70,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $26,000. West Financial Advisors LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $28,000. New Wave Wealth Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $32,000. Brooklyn Investment Group bought a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $36,000. Finally, CoreFirst Bank & Trust purchased a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $40,000.

SPDR S&P MidCap 400 ETF Trust Stock Up 2.5 %

NYSEARCA MDY opened at $551.07 on Tuesday. The firm has a market capitalization of $22.81 billion, a P/E ratio of 18.55 and a beta of 1.14. The company has a 50-day moving average price of $570.59 and a 200-day moving average price of $576.55. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $511.97 and a 52 week high of $624.13.

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.