Sandy Spring Bank Has $53.01 Million Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Sandy Spring Bank lessened its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,059 shares of the exchange traded fund’s stock after selling 1,065 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for about 2.1% of Sandy Spring Bank’s investment portfolio, making the stock its 9th biggest holding. Sandy Spring Bank owned about 0.24% of SPDR S&P MidCap 400 ETF Trust worth $53,005,000 as of its most recent filing with the Securities & Exchange Commission.

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

SPDR S&P MidCap 400 ETF Trust Trading Up 1.2 %

Shares of MDY opened at $545.97 on Thursday. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $511.97 and a 12 month high of $624.13. The firm has a fifty day simple moving average of $572.16 and a 200 day simple moving average of $576.57. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 18.55 and a beta of 1.14.

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.