JNBA Financial Advisors Cuts Stock Holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

JNBA Financial Advisors trimmed its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 26.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 134,411 shares of the company’s stock after selling 48,501 shares during the period. SPDR S&P 400 Mid Cap Value ETF makes up approximately 1.1% of JNBA Financial Advisors’ holdings, making the stock its 22nd biggest holding. JNBA Financial Advisors’ holdings in SPDR S&P 400 Mid Cap Value ETF were worth $10,680,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Evermay Wealth Management LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 1st quarter worth about $35,000. PSI Advisors LLC grew its position in 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 acquiring an additional 153 shares in the last quarter. US Bancorp DE raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 26.5% during the third quarter. US Bancorp DE now owns 955 shares of the company’s stock valued at $76,000 after purchasing an additional 200 shares during the period. Gradient Investments LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1,259.7% in the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after purchasing an additional 970 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter worth $80,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of NYSEARCA MDYV traded up $2.74 during midday trading on Wednesday, reaching $83.50. 70,720 shares of the company’s stock were exchanged, compared to its average volume of 200,621. The stock has a market capitalization of $2.81 billion, a PE ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $62.24 and a 52-week high of $84.19. The business’s fifty day moving average price is $78.98 and its two-hundred day moving average price is $76.03.

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.