Mount Yale Investment Advisors LLC Takes $347,000 Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Mount Yale Investment Advisors LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the first quarter, Holdings Channel.com reports. The firm purchased 4,569 shares of the company’s stock, valued at approximately $347,000.

A number of other hedge funds have also recently made changes to their positions in MDYV. Prime Capital Investment Advisors LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 73.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,851 shares of the company’s stock worth $576,000 after acquiring an additional 3,323 shares in the last quarter. Silverlake Wealth Management LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF in the fourth quarter worth $251,000. Avantax Advisory Services Inc. bought a new stake in SPDR S&P 400 Mid Cap Value ETF in the fourth quarter worth $245,000. Global Retirement Partners LLC lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 50.6% in the fourth quarter. Global Retirement Partners LLC now owns 6,951 shares of the company’s stock worth $493,000 after purchasing an additional 2,336 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 8.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,435 shares of the company’s stock worth $252,000 after purchasing an additional 257 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Price Performance

SPDR S&P 400 Mid Cap Value ETF stock traded down $0.18 during mid-day trading on Monday, hitting $77.66. The company’s stock had a trading volume of 79,855 shares, compared to its average volume of 217,349. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The business has a 50 day moving average price of $74.03 and a 200-day moving average price of $73.24. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $59.67 and a 12 month high of $78.31.

SPDR S&P 400 Mid Cap Value ETF 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.