Confluence Investment Management LLC Cuts Holdings in SPDR S&P 400 Mid Cap Value ETF $MDYV

Confluence Investment Management LLC lowered its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 58.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,804 shares of the company’s stock after selling 109,976 shares during the period. Confluence Investment Management LLC owned about 0.27% of SPDR S&P 400 Mid Cap Value ETF worth $6,586,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Caitlin John LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $28,000. Glass Jacobson Investment Advisors llc boosted its position in SPDR S&P 400 Mid Cap Value ETF by 94.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 515 shares of the company’s stock worth $43,000 after purchasing an additional 250 shares in the last quarter. Capital A Wealth Management LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 921.3% during the second quarter. Capital A Wealth Management LLC now owns 623 shares of the company’s stock worth $46,000 after purchasing an additional 562 shares in the last quarter. US Bancorp DE grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 23.9% in the third quarter. US Bancorp DE now owns 643 shares of the company’s stock valued at $54,000 after purchasing an additional 124 shares during the period. Finally, Atwood & Palmer Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at approximately $61,000.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of MDYV stock opened at $82.79 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05. The stock has a 50 day simple moving average of $88.89 and a 200-day simple moving average of $85.72. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $65.86 and a 1-year high of $93.10.

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.