Benjamin Edwards Inc. Cuts Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Benjamin Edwards Inc. reduced its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 27.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,467 shares of the company’s stock after selling 14,848 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.12% of SPDR S&P 400 Mid Cap Value ETF worth $2,823,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Capital Investment Advisory Services LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 40.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 562 shares of the company’s stock valued at $41,000 after acquiring an additional 161 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter valued at about $62,000. UMB Bank n.a. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 41.3% in the 4th quarter. UMB Bank n.a. now owns 1,301 shares of the company’s stock valued at $95,000 after purchasing an additional 380 shares during the last quarter. RIA Advisory Group LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter worth approximately $196,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter worth $201,000.

SPDR S&P 400 Mid Cap Value ETF Stock Up 1.0 %

Shares of MDYV traded up $0.73 during trading hours on Thursday, reaching $72.31. 149,543 shares of the company traded hands, compared to its average volume of 280,995. The business has a fifty day moving average price of $73.11 and a 200-day moving average price of $70.29. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $59.67 and a 12-month high of $76.26. The stock has a market capitalization of $2.49 billion, a P/E ratio of 13.97 and a beta of 1.11.

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.