J.W. Cole Advisors Inc. Makes New $325,000 Investment in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

J.W. Cole Advisors Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,428 shares of the company’s stock, valued at approximately $325,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC raised its position in shares of 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 valued at $576,000 after purchasing an additional 3,323 shares during the period. Envestnet Asset Management Inc. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 8.9% in the third quarter. Envestnet Asset Management Inc. now owns 410,828 shares of the company’s stock valued at $26,639,000 after purchasing an additional 33,741 shares during the period. Modera Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at about $655,000. Brookstone Capital Management raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 3.7% in the fourth quarter. Brookstone Capital Management now owns 9,327 shares of the company’s stock valued at $684,000 after purchasing an additional 333 shares during the period. Finally, Silverlake Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the fourth quarter valued at about $251,000.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of MDYV opened at $72.41 on Thursday. The firm has a market capitalization of $2.47 billion, a PE ratio of 14.54 and a beta of 1.17. The company’s 50-day moving average is $73.11 and its 200-day moving average is $70.01. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $59.67 and a fifty-two week high of $76.26.

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.