Drive Wealth Management LLC Has $283,000 Stake in SPDR S&P 400 Mid Cap Value ETF $MDYV

Drive Wealth Management LLC lowered its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 6.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,565 shares of the company’s stock after selling 235 shares during the period. Drive Wealth Management LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $283,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter valued at about $38,000. Compass Financial Services Inc bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 1st quarter valued at approximately $63,000. Nova Wealth Management Inc. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 488.7% in the 2nd quarter. Nova Wealth Management Inc. now owns 989 shares of the company’s stock valued at $79,000 after buying an additional 821 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 3,903.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,041 shares of the company’s stock worth $80,000 after buying an additional 1,015 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the 1st quarter worth approximately $205,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

MDYV stock opened at $83.58 on Tuesday. The company has a fifty day moving average price of $83.32 and a 200-day moving average price of $79.46. The company has a market capitalization of $2.44 billion, a P/E ratio of 15.85 and a beta of 1.17. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $65.86 and a 52-week high of $87.81.

About SPDR S&P 400 Mid Cap Value ETF

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.