M&T Bank Corp Has $18.48 Million Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

M&T Bank Corp reduced its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,437 shares of the exchange traded fund’s stock after selling 351 shares during the quarter. M&T Bank Corp owned about 0.08% of SPDR S&P MidCap 400 ETF Trust worth $18,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $26,000. West Financial Advisors LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $28,000. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $36,000. Finally, Synergy Investment Management LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $44,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY opened at $551.08 on Thursday. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $511.97 and a 52-week high of $624.13. The business’s 50 day moving average price is $579.15 and its two-hundred day moving average price is $578.13. The firm has a market cap of $23.21 billion, a PE ratio of 19.87 and a beta of 1.13.

About SPDR S&P MidCap 400 ETF Trust

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.