Belpointe Asset Management LLC Takes $541,000 Position in SPDR S&P 400 Mid Cap Value ETF $MDYV

Belpointe Asset Management LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,023 shares of the company’s stock, valued at approximately $541,000.

A number of other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 7.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,846,141 shares of the company’s stock valued at $549,060,000 after acquiring an additional 488,555 shares during the last quarter. LPL Financial LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.3% in the 1st quarter. LPL Financial LLC now owns 1,136,150 shares of the company’s stock valued at $87,540,000 after acquiring an additional 25,816 shares during the last quarter. Lutz Financial Services LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1.3% in the 1st quarter. Lutz Financial Services LLC now owns 703,995 shares of the company’s stock valued at $54,243,000 after acquiring an additional 9,298 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 12.6% in the 1st quarter. AE Wealth Management LLC now owns 558,043 shares of the company’s stock valued at $42,997,000 after acquiring an additional 62,403 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1.5% in the 1st quarter. FAS Wealth Partners Inc. now owns 556,287 shares of the company’s stock valued at $42,862,000 after acquiring an additional 8,407 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV opened at $84.24 on Friday. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $65.86 and a 52 week high of $87.81. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.85 and a beta of 1.17. The stock has a fifty day moving average of $82.12 and a 200-day moving average of $78.38.

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.