Convergence Financial LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Free Report) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 306,362 shares of the company’s stock after purchasing an additional 6,887 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF comprises about 3.8% of Convergence Financial LLC’s holdings, making the stock its 5th biggest holding. Convergence Financial LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $25,934,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Avantax Planning Partners Inc. raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7.1% in the fourth quarter. Avantax Planning Partners Inc. now owns 893,442 shares of the company’s stock valued at $75,630,000 after buying an additional 59,114 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 29.8% in the fourth quarter. AE Wealth Management LLC now owns 858,798 shares of the company’s stock valued at $72,697,000 after buying an additional 197,095 shares during the last quarter. Lutz Financial Services LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7.9% in the fourth quarter. Lutz Financial Services LLC now owns 783,438 shares of the company’s stock valued at $66,318,000 after buying an additional 57,250 shares during the last quarter. Canandaigua National Bank & Trust Co. raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 3.4% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 406,771 shares of the company’s stock valued at $34,433,000 after buying an additional 13,558 shares during the last quarter. Finally, First Pacific Financial raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1.8% in the fourth quarter. First Pacific Financial now owns 369,750 shares of the company’s stock valued at $31,299,000 after buying an additional 6,680 shares during the last quarter.
SPDR S&P 400 Mid Cap Value ETF Stock Up 0.4%
SPDR S&P 400 Mid Cap Value ETF stock opened at $92.28 on Friday. The stock has a 50-day simple moving average of $89.39 and a 200 day simple moving average of $87.92. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $76.73 and a 12-month high of $93.10. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96.
SPDR S&P 400 Mid Cap Value ETF Company 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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.
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