Park Avenue Securities LLC Cuts Stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Park Avenue Securities LLC cut its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 67.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,037 shares of the company’s stock after selling 18,758 shares during the period. Park Avenue Securities LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 663.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,137,364 shares of the company’s stock valued at $230,220,000 after purchasing an additional 2,726,536 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 10,168.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 554,679 shares of the company’s stock worth $40,292,000 after buying an additional 549,277 shares in the last quarter. Confluence Investment Management LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 1st quarter worth about $24,784,000. International Assets Investment Management LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 7,237.2% in the 4th quarter. International Assets Investment Management LLC now owns 181,375 shares of the company’s stock worth $13,309,000 after buying an additional 178,903 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF during the 4th quarter valued at about $13,019,000.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.3 %

Shares of MDYV stock opened at $72.52 on Friday. The company has a 50 day moving average price of $73.46 and a 200-day moving average price of $72.91. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $59.67 and a 52 week high of $76.39. The firm has a market capitalization of $2.44 billion, a PE ratio of 14.55 and a beta of 1.11.

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.