Fiduciary Alliance LLC Makes New Investment in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Fiduciary Alliance LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 9,178 shares of the company’s stock, valued at approximately $736,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MDYV. Envestnet Asset Management Inc. increased its stake in SPDR S&P 400 Mid Cap Value ETF by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 246,514 shares of the company’s stock valued at $17,981,000 after buying an additional 18,401 shares during the last quarter. WealthPLAN Partners LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 78.2% during the second quarter. WealthPLAN Partners LLC now owns 8,730 shares of the company’s stock worth $637,000 after acquiring an additional 3,831 shares during the period. Renaissance Technologies LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 12.7% in the second quarter. Renaissance Technologies LLC now owns 11,300 shares of the company’s stock worth $824,000 after purchasing an additional 1,275 shares during the last quarter. Perennial Investment Advisors LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 0.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 63,084 shares of the company’s stock valued at $4,602,000 after purchasing an additional 497 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake 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 worth $14,771,000 after purchasing an additional 189,779 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of NYSEARCA:MDYV opened at $80.20 on Tuesday. The company has a market capitalization of $2.69 billion, a P/E ratio of 14.55 and a beta of 1.11. The company’s 50-day moving average is $83.00 and its 200 day moving average is $79.31. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $69.88 and a fifty-two week high of $87.81.

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.