Envestnet Asset Management Inc. Grows Stock Holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Envestnet Asset Management Inc. raised its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,514 shares of the company’s stock after acquiring an additional 18,401 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.73% of SPDR S&P 400 Mid Cap Value ETF worth $17,981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MDYV. Brown Advisory Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 4.5% during the 4th quarter. Brown Advisory Inc. now owns 4,527 shares of the company’s stock valued at $332,000 after purchasing an additional 195 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 0.7% during the 4th quarter. Wells Fargo & Company MN now owns 315,746 shares of the company’s stock valued at $23,169,000 after purchasing an additional 2,284 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 4th quarter valued at about $3,612,000. Assetmark Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1,505.1% during the 4th quarter. Assetmark Inc. now owns 2,536 shares of the company’s stock valued at $186,000 after purchasing an additional 2,378 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 36.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,578 shares of the company’s stock valued at $556,000 after purchasing an additional 2,028 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.3 %

Shares of MDYV opened at $79.16 on Tuesday. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $59.67 and a 1-year high of $79.97. The firm’s 50-day moving average price is $76.80 and its 200-day moving average price is $74.67. The firm has a market capitalization of $2.66 billion, a price-to-earnings 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.