Pure Financial Advisors Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 114.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,278 shares of the company’s stock after purchasing an additional 34,865 shares during the quarter. Pure Financial Advisors Inc. owned 0.31% of SPDR S&P 400 Mid Cap Value ETF worth $2,896,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at approximately $640,000. Captrust Financial Advisors lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 85.8% during the 3rd quarter. Captrust Financial Advisors now owns 2,413 shares of the company’s stock valued at $130,000 after purchasing an additional 1,114 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $4,432,000. Jane Street Group LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $1,345,000. Finally, LPL Financial LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% during the third quarter. LPL Financial LLC now owns 35,802 shares of the company’s stock worth $1,924,000 after buying an additional 1,016 shares in the last quarter.
Shares of NYSEARCA MDYV traded up $0.11 during mid-day trading on Friday, reaching $47.59. The company had a trading volume of 1,476 shares, compared to its average volume of 155,669. SPDR S&P 400 Mid Cap Value ETF has a one year low of $41.72 and a one year high of $54.94.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Wednesday, December 26th were given a $0.293 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Monday, December 24th. This is a boost from SPDR S&P 400 Mid Cap Value ETF’s previous quarterly dividend of $0.23.
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SPDR S&P 400 Mid Cap Value ETF Profile
SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio.
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