Burney Co. Buys 7,419 Shares of SPDR S&P 400 Mid Cap Value ETF $MDYV

Burney Co. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 286.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,005 shares of the company’s stock after purchasing an additional 7,419 shares during the period. Burney Co.’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $835,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital A Wealth Management LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 921.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 623 shares of the company’s stock worth $46,000 after purchasing an additional 562 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter worth $61,000. Compass Financial Services Inc bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter worth $63,000. Nova Wealth Management Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 488.7% during the second quarter. Nova Wealth Management Inc. now owns 989 shares of the company’s stock valued at $79,000 after acquiring an additional 821 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 62.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,687 shares of the company’s stock valued at $134,000 after acquiring an additional 646 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Down 0.1%

Shares of MDYV stock opened at $86.09 on Monday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $65.86 and a 12 month high of $87.49. The stock has a 50-day moving average price of $83.84 and a 200 day moving average price of $82.61.

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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.