Mercer Global Advisors Inc. ADV Grows Stock Holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Mercer Global Advisors Inc. ADV boosted its holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 1,491.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 202,503 shares of the company’s stock after buying an additional 189,779 shares during the period. Mercer Global Advisors Inc. ADV owned 0.60% of SPDR S&P 400 Mid Cap Value ETF worth $14,771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MDYV. GoalVest Advisory LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the 1st quarter valued at approximately $28,000. Evermay Wealth Management LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at $35,000. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the fourth quarter valued at $35,000. Richardson Financial Services Inc. bought a new stake in SPDR S&P 400 Mid Cap Value ETF in the fourth quarter worth $35,000. Finally, PSI Advisors LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 35.5% during the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after purchasing an additional 153 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Up 1.7 %

Shares of NYSEARCA:MDYV opened at $79.86 on Friday. The firm has a fifty day simple moving average of $76.66 and a two-hundred day simple moving average of $74.56. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $59.67 and a 52 week high of $79.97. The stock has a market capitalization of $2.68 billion, a P/E ratio of 14.55 and a beta of 1.11.

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.