Major ETF Portfolio Reshuffling
Tompkins Financial Corp. Buys $58 Million in ESG and Mid-Cap ETFs
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Key Points
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The new iShares Russell Mid-Cap ETF position comprised 185,837 shares and represented about 1.4% of Tompkins Financial’s portfolio, making it the firm’s 20th-largest holding.
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Tompkins’ new SPDR S&P 500 ESG ETF position consisted of 419,195 shares and was about 2.2% of its investment portfolio, ranking as its 14th-largest holding.
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Tompkins sold 44,945 shares of JPMorgan Nasdaq Equity Premium Income ETF during the quarter, leaving it with 33,000 shares.
Tompkins Financial Corp. reshuffled its ETF holdings in the third quarter, spending about $58 million on new positions while trimming others. The firm built a major stake in the Watchlist NewsSPDR S&P 500 ESG ETF worth $31 million and added $19.8 million to the iShares Russell Mid-Cap ETF, signaling a shift toward diversified, socially conscious investments.
The moves came as Tompkins cut its JPMorgan Nasdaq Equity Premium Income ETF holdings by 57.7%, leaving just $2 million in that position. Ticker ReportThe rebalancing suggests the investment firm is rotating away from income-focused tech strategies toward broader market exposure and environmental, social, and governance (ESG) criteria.
New $31 Million Bet on ESG and Stability
Watchlist NewsTompkins' largest new purchase was 419,195 shares of the SPDR S&P 500 ESG ETF for roughly $31 million. This position now ranks as the firm's 14th-largest holding and accounts for 2.2% of its total investment portfolio. The ETF focuses on large U.S. companies that meet environmental and social responsibility standards.
Watchlist NewsThe firm also opened a $6.1 million stake in the iShares ESG Advanced MSCI USA ETF, buying 89,203 shares. Combined, these two ESG purchases total $37.1 million — roughly 64% of Tompkins' total third-quarter spending. The pattern shows a clear preference for companies with stronger ESG profiles.
Mid-Cap Expansion and International Diversification
Tompkins invested $19.8 million in the iShares Russell Mid-Cap ETF, purchasing 185,837 shares. Watchlist NewsThis new holding ranks as the firm's 20th-largest position at 1.4% of the portfolio. Mid-cap stocks typically offer more growth potential than large-cap indexes but with less volatility risk than smaller companies.
The firm also opened a smaller international position, spending roughly $881,000 on the iShares MSCI EAFE Min Vol Factor ETF. This ETF provides exposure to developed markets outside the U.S., such as Europe and Japan. The purchase diversifies Tompkins' holdings beyond domestic stocks.
Cutting Income Strategy Positions Sharply
Ticker ReportTompkins sold 44,945 shares of the JPMorgan Nasdaq Equity Premium Income ETF during Q3, cutting its total holdings by 57.7%. The firm retained 33,000 shares worth approximately $2 million. This ETF targets income from tech stocks, suggesting Tompkins believes other strategies offer better returns or risk profiles now.
The sharp reduction signals a shift away from narrow, income-focused tech exposure. By exiting more than half its position, Tompkins appears to be repositioning toward broader market segments and ESG-aligned assets. The sale freed up capital for the $58 million in new purchases across diversified funds.
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