Asset Dedication LLC Decreases Stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Asset Dedication LLC trimmed its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 277,358 shares of the company’s stock after selling 7,920 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF comprises approximately 1.8% of Asset Dedication LLC’s holdings, making the stock its 12th biggest position. Asset Dedication LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $22,244,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MDYV. Wealth Enhancement Advisory Services LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,357,586 shares of the company’s stock worth $505,174,000 after purchasing an additional 450,824 shares in the last quarter. Benjamin Edwards Inc. boosted its position in SPDR S&P 400 Mid Cap Value ETF by 2,202.9% during the third quarter. Benjamin Edwards Inc. now owns 470,855 shares of the company’s stock worth $37,414,000 after purchasing an additional 450,409 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth $11,287,000. Susquehanna International Group LLP boosted its position in SPDR S&P 400 Mid Cap Value ETF by 488.6% during the second quarter. Susquehanna International Group LLP now owns 52,738 shares of the company’s stock worth $3,847,000 after purchasing an additional 43,778 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 14.6% during the fourth quarter. Confluence Investment Management LLC now owns 251,986 shares of the company’s stock worth $20,209,000 after purchasing an additional 32,026 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

MDYV opened at $83.50 on Wednesday. SPDR S&P 400 Mid Cap Value ETF has a one year low of $69.93 and a one year high of $87.81. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The business’s fifty day moving average is $82.89 and its two-hundred day moving average is $80.04.

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.