Salomon & Ludwin LLC Increases Stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Salomon & Ludwin LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,732 shares of the company’s stock after acquiring an additional 644 shares during the quarter. Salomon & Ludwin LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Evermay Wealth Management LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at approximately $35,000. PSI Advisors LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 35.5% during the 2nd quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after acquiring an additional 153 shares during the period. Gradient Investments LLC lifted its position 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 worth $76,000 after acquiring an additional 970 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter worth $80,000. Finally, International Assets Investment Management LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at $180,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV opened at $79.50 on Monday. The stock has a market capitalization of $2.67 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 $81.94. The stock’s 50-day simple moving average is $78.62 and its 200 day simple moving average is $75.60.

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.