Summit Investment Advisory Services LLC Buys Shares of 2,946 SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Summit Investment Advisory Services LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,946 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GoalVest Advisory LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the first quarter worth $28,000. Evermay Wealth Management LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 1st quarter worth about $35,000. PSI Advisors LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 35.5% in the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after purchasing an additional 153 shares during the period. Gradient Investments LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after buying an additional 970 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the second quarter worth approximately $80,000.

SPDR S&P 400 Mid Cap Value ETF Price Performance

MDYV stock traded down $0.07 on Thursday, reaching $81.59. The company’s stock had a trading volume of 9,019 shares, compared to its average volume of 181,065. The firm has a fifty day moving average of $77.85 and a two-hundred day moving average of $75.28. The company has a market capitalization of $2.74 billion, a P/E 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 $81.83.

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.