Bellwether Advisors LLC Buys New Stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Bellwether Advisors LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,183 shares of the company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDYV. Garden State Investment Advisory Services LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 2.3% during the third quarter. Garden State Investment Advisory Services LLC now owns 57,864 shares of the company’s stock valued at $4,610,000 after purchasing an additional 1,285 shares during the period. JPMorgan Chase & Co. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 14,758 shares of the company’s stock worth $1,173,000 after acquiring an additional 410 shares during the period. Confluence Investment Management LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 14.6% in the fourth quarter. Confluence Investment Management LLC now owns 251,986 shares of the company’s stock worth $20,209,000 after acquiring an additional 32,026 shares during the period. Waller Financial Planning Group Inc. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.7% in the fourth quarter. Waller Financial Planning Group Inc. now owns 70,727 shares of the company’s stock worth $5,672,000 after acquiring an additional 1,857 shares during the period. Finally, Canandaigua National Bank & Trust Co. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1.6% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 381,010 shares of the company’s stock worth $30,557,000 after acquiring an additional 6,094 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of SPDR S&P 400 Mid Cap Value ETF stock opened at $73.70 on Tuesday. The firm has a 50-day simple moving average of $75.51 and a two-hundred day simple moving average of $80.07. The company has a market cap of $2.22 billion, a P/E ratio of 14.94 and a beta of 1.06. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $65.86 and a fifty-two week high of $87.81.

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.