41,826 Shares in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Acquired by Balanced Wealth Group LLC

Balanced Wealth Group LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,826 shares of the company’s stock, valued at approximately $3,069,000. SPDR S&P 400 Mid Cap Value ETF makes up 1.6% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 16th biggest holding. Balanced Wealth Group LLC owned approximately 0.13% of SPDR S&P 400 Mid Cap Value ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 40.1% during the 4th quarter. Capital Investment Advisory Services LLC now owns 562 shares of the company’s stock worth $41,000 after purchasing an additional 161 shares during the period. Fifth Third Bancorp bought a new position in SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $62,000. UMB Bank n.a. grew its position in SPDR S&P 400 Mid Cap Value ETF by 41.3% in the fourth quarter. UMB Bank n.a. now owns 1,301 shares of the company’s stock worth $95,000 after acquiring an additional 380 shares in the last quarter. RIA Advisory Group LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the fourth quarter valued at approximately $196,000. Finally, Edmonds Duncan Registered Investment Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $202,000.

SPDR S&P 400 Mid Cap Value ETF Price Performance

MDYV stock traded down $0.09 during trading hours on Wednesday, reaching $74.03. 127,776 shares of the stock were exchanged, compared to its average volume of 274,938. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 13.97 and a beta of 1.11. The firm’s 50-day moving average is $73.22 and its 200-day moving average is $70.63. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $59.67 and a 12 month high of $76.26.

SPDR S&P 400 Mid Cap Value ETF Company 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.