Balanced Wealth Group LLC Boosts Stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Balanced Wealth Group LLC raised its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,887 shares of the company’s stock after purchasing an additional 13,486 shares during the period. SPDR S&P 400 Mid Cap Value ETF accounts for 4.5% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 8th biggest position. Balanced Wealth Group LLC owned about 0.74% of SPDR S&P 400 Mid Cap Value ETF worth $18,081,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MDYV. Wealth Enhancement Advisory Services LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 12.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,906,762 shares of the company’s stock worth $430,839,000 after acquiring an additional 669,534 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 663.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,137,364 shares of the company’s stock worth $230,220,000 after purchasing an additional 2,726,536 shares in the last quarter. Lutz Financial Services LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1.6% in the second quarter. Lutz Financial Services LLC now owns 676,075 shares of the company’s stock worth $49,313,000 after purchasing an additional 10,868 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in SPDR S&P 400 Mid Cap Value ETF by 1.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 656,557 shares of the company’s stock valued at $49,898,000 after purchasing an additional 7,635 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in SPDR S&P 400 Mid Cap Value ETF by 10,168.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 554,679 shares of the company’s stock valued at $40,292,000 after purchasing an additional 549,277 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Price Performance

MDYV stock opened at $79.27 on Friday. The firm has a 50 day simple moving average of $76.74 and a two-hundred day simple moving average of $74.61. The stock has a market cap of $2.66 billion, a PE ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a one year low of $59.67 and a one year high of $79.97.

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.