Balanced Wealth Group LLC Trims Stock Holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Balanced Wealth Group LLC lowered its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 45.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,734 shares of the company’s stock after selling 113,153 shares during the period. SPDR S&P 400 Mid Cap Value ETF makes up 4.6% of Balanced Wealth Group LLC’s portfolio, making the stock its 6th biggest position. Balanced Wealth Group LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $10,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 12.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,906,762 shares of the company’s stock valued at $430,839,000 after purchasing an additional 669,534 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7,775.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 469,671 shares of the company’s stock valued at $34,258,000 after purchasing an additional 463,707 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 242.0% during the 1st quarter. Kestra Advisory Services LLC now owns 529,356 shares of the company’s stock valued at $40,231,000 after purchasing an additional 374,595 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter valued at about $25,972,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1,491.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 202,503 shares of the company’s stock valued at $14,771,000 after purchasing an additional 189,779 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Price Performance

NYSEARCA:MDYV opened at $79.53 on Friday. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $60.51 and a fifty-two week high of $81.94. The stock has a market capitalization of $2.67 billion, a PE ratio of 14.55 and a beta of 1.11. The business’s 50-day simple moving average is $78.88 and its 200-day simple moving average is $75.77.

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.