Strategic Financial Concepts LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Free Report) by 7,775.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 469,671 shares of the company’s stock after purchasing an additional 463,707 shares during the quarter. Strategic Financial Concepts LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $34,258,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter valued at about $80,000. Foundations Investment Advisors LLC lifted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 71.9% during the second quarter. Foundations Investment Advisors LLC now owns 110,333 shares of the company’s stock worth $8,048,000 after purchasing an additional 46,150 shares in the last quarter. Bellwether Advisors LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the second quarter valued at approximately $2,839,000. Stevens Capital Partners increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 4.0% in the second quarter. Stevens Capital Partners now owns 18,001 shares of the company’s stock valued at $1,313,000 after purchasing an additional 699 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 1.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 28,857 shares of the company’s stock worth $2,087,000 after purchasing an additional 367 shares during the last quarter.
SPDR S&P 400 Mid Cap Value ETF Stock Performance
Shares of MDYV opened at $75.44 on Friday. The business’s fifty day moving average price is $75.83 and its two-hundred day moving average price is $74.26. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $59.67 and a 52 week high of $79.68.
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.
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