Benjamin F. Edwards & Company Inc. Cuts Stock Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Benjamin F. Edwards & Company Inc. reduced its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 40.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648,922 shares of the company’s stock after selling 449,428 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF accounts for about 1.0% of Benjamin F. Edwards & Company Inc.’s holdings, making the stock its 12th largest holding. Benjamin F. Edwards & Company Inc. owned approximately 1.98% of SPDR S&P 400 Mid Cap Value ETF worth $47,617,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Great Valley Advisor Group Inc. boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 11.8% during the 4th quarter. Great Valley Advisor Group Inc. now owns 20,879 shares of the company’s stock valued at $1,532,000 after acquiring an additional 2,209 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 5.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 11,597 shares of the company’s stock valued at $851,000 after acquiring an additional 614 shares during the period. Silver Oak Securities Incorporated boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 67.6% during the 4th quarter. Silver Oak Securities Incorporated now owns 8,301 shares of the company’s stock valued at $609,000 after acquiring an additional 3,347 shares during the period. IAG Wealth Partners LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 4.2% during the 4th quarter. IAG Wealth Partners LLC now owns 64,450 shares of the company’s stock valued at $4,729,000 after acquiring an additional 2,608 shares during the period. Finally, Truist Financial Corp boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 15.0% during the 4th quarter. Truist Financial Corp now owns 18,169 shares of the company’s stock valued at $1,333,000 after acquiring an additional 2,373 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

MDYV stock traded up $0.90 during trading on Thursday, hitting $72.48. 235,104 shares of the company traded hands, compared to its average volume of 282,034. The firm has a market capitalization of $2.49 billion, a PE ratio of 13.97 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 1 year low of $59.67 and a 1 year high of $76.26. The company has a 50-day moving average of $73.11 and a 200-day moving average of $70.29.

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.