Invera Wealth Advisors LLC Reduces Stock Holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Invera Wealth Advisors LLC reduced its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 65.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,909 shares of the company’s stock after selling 19,110 shares during the quarter. Invera Wealth Advisors LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 16.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,237,228 shares of the company’s stock valued at $398,029,000 after purchasing an additional 721,830 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 663.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,137,364 shares of the company’s stock valued at $230,220,000 after acquiring an additional 2,726,536 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 18.0% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,723,490 shares of the company’s stock worth $111,786,000 after purchasing an additional 263,227 shares during the last quarter. LPL Financial LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 10.7% in the 3rd quarter. LPL Financial LLC now owns 1,121,915 shares of the company’s stock worth $72,767,000 after purchasing an additional 108,439 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 2.1% during the 3rd quarter. Townsquare Capital LLC now owns 729,680 shares of the company’s stock valued at $47,327,000 after purchasing an additional 14,816 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.6 %

MDYV traded up $0.44 during trading on Monday, hitting $72.62. 92,026 shares of the company’s stock traded hands, compared to its average volume of 283,189. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 13.97 and a beta of 1.11. The company’s 50 day simple moving average is $73.12 and its two-hundred day simple moving average is $70.22. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $59.67 and a 12-month high of $76.26.

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.