HighTower Advisors LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Free Report) by 15.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 313,909 shares of the company’s stock after buying an additional 43,115 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $26,572,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of MDYV. Avantax Planning Partners Inc. lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 76.4% in the third quarter. Avantax Planning Partners Inc. now owns 834,328 shares of the company’s stock worth $69,591,000 after buying an additional 361,398 shares during the period. AE Wealth Management LLC lifted its holdings in 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 worth $72,697,000 after buying an additional 197,095 shares during the period. MML Investors Services LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 86.7% in the second quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock worth $12,144,000 after buying an additional 70,997 shares during the period. CWM LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 40.5% in the fourth quarter. CWM LLC now owns 201,385 shares of the company’s stock worth $17,047,000 after buying an additional 58,082 shares during the period. Finally, Lutz Financial Services LLC lifted its holdings in 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 worth $66,318,000 after buying an additional 57,250 shares during the period.
SPDR S&P 400 Mid Cap Value ETF Price Performance
Shares of MDYV opened at $90.64 on Friday. SPDR S&P 400 Mid Cap Value ETF has a one year low of $75.52 and a one year high of $93.10. The company has a 50-day simple moving average of $88.06 and a two-hundred day simple moving average of $87.29. The firm has a market capitalization of $2.57 billion, a PE ratio of 15.85 and a beta of 0.98.
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. 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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