Strategic Financial Concepts LLC Makes New Investment in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Strategic Financial Concepts LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,964 shares of the company’s stock, valued at approximately $453,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 16.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,237,228 shares of the company’s stock worth $398,029,000 after acquiring an additional 721,830 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 663.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,137,364 shares of the company’s stock valued at $230,220,000 after purchasing an additional 2,726,536 shares during the last quarter. Financial Engines Advisors L.L.C. increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 18.0% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,723,490 shares of the company’s stock valued at $111,786,000 after purchasing an additional 263,227 shares during the last quarter. LPL Financial LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 10.7% during the 3rd quarter. LPL Financial LLC now owns 1,121,915 shares of the company’s stock valued at $72,767,000 after buying an additional 108,439 shares during the period. Finally, Townsquare Capital LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 2.1% in the third quarter. Townsquare Capital LLC now owns 729,680 shares of the company’s stock worth $47,327,000 after buying an additional 14,816 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Down 1.6 %

SPDR S&P 400 Mid Cap Value ETF stock traded down $1.18 during midday trading on Tuesday, reaching $71.44. The stock had a trading volume of 118,402 shares, compared to its average volume of 281,204. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 13.97 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 $76.26. The company has a fifty day moving average of $73.11 and a 200 day moving average of $70.28.

SPDR S&P 400 Mid Cap Value ETF 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.