UMB Bank n.a. Reduces Stake in SPDR S&P MidCap 400 ETF Trust

In its latest filing with the Securities and Exchange Commission, UMB Bank n.a. reported a significant reduction in its holdings of the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY). The bank cut its stake by an astounding 93.0% during the fourth quarter, leaving it with just 285 shares of this exchange-traded fund after selling off 3,800 shares throughout the quarter.

At the end of the most recent reporting period, the remaining shares of UMB Bank n.a. in the SPDR S&P MidCap 400 ETF were valued at approximately $162,000. This drastic sell-off marks a noteworthy shift in the bank's investment strategy regarding this ETF.

In addition to UMB Bank n.a., other investment firms have also been adjusting their positions in the SPDR S&P MidCap 400 ETF Trust. For instance, Bay Colony Advisory Group Inc, operating as Bay Colony Advisors, reported a 1.2% increase in its holdings during the third quarter. After acquiring an additional 18 shares during that period, Bay Colony Advisors now owns a total of 1,555 shares, worth around $886,000.

Similarly, GenTrust LLC increased its stake by 0.5% in the same quarter and now holds 3,372 shares valued at roughly $1,927,000 after purchasing 18 additional shares. Meanwhile, Hohimer Wealth Management LLC raised its position by 1.5% and currently possesses 1,201 shares, valued at $684,000 after its own additional purchases.

SPC Financial Inc. has also grown its investment by 3.2%, now owning 619 shares worth about $353,000 after acquiring 19 more shares recently. Last but not least, Highview Capital Management LLC DE expanded its stake by a smaller margin of 0.3%, bringing its total shares to 8,133, with an estimated value of $4,633,000 following the acquisition of 22 new shares during the last quarter.

Current Market Performance

As of the latest trading session, the SPDR S&P MidCap 400 ETF Trust had a modest opening at $598.53. Its fifty-day simple moving average stands at $589.97, while the two-hundred day average is at $571.21. The ETF has experienced fluctuations in the past year, registering a 52-week low of $495.53 and a high of $624.13. The current market capitalization of the fund is approximately $23.65 billion, with a price-to-earnings ratio of 15.70 and a beta of 1.09.

About SPDR S&P MidCap 400 ETF Trust

The SPDR S&P MidCap 400 ETF is designed to track the performance of the S&P MidCap 400 Index. This index is representative of a significant portion of the U.S. equities market, including companies that have demonstrated four consecutive quarters of positive earnings, excluding extraordinary items.

What’s Next?

Investors interested in the SPDR S&P MidCap 400 ETF Trust may want to monitor future filings and changes in institutional holdings. Staying informed about market performance and investment trends is essential for making educated investment decisions.

ETFs, Investing, Umb, Bank, SPDR