Confluence Investment Management LLC Purchases 32,026 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Confluence Investment Management LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,986 shares of the company’s stock after buying an additional 32,026 shares during the period. Confluence Investment Management LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $20,209,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,357,586 shares of the company’s stock worth $505,174,000 after buying an additional 450,824 shares during the period. Lutz Financial Services LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.2% during the third quarter. Lutz Financial Services LLC now owns 690,992 shares of the company’s stock worth $54,906,000 after acquiring an additional 14,917 shares during the period. Benjamin Edwards Inc. raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2,202.9% during the third quarter. Benjamin Edwards Inc. now owns 470,855 shares of the company’s stock valued at $37,414,000 after acquiring an additional 450,409 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7,775.1% in the second quarter. Strategic Financial Concepts LLC now owns 469,671 shares of the company’s stock valued at $34,258,000 after purchasing an additional 463,707 shares during the period. Finally, Canandaigua National Bank & Trust Co. grew its stake in SPDR S&P 400 Mid Cap Value ETF by 5.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 374,916 shares of the company’s stock worth $29,791,000 after purchasing an additional 18,836 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

NYSEARCA MDYV traded up $0.04 on Thursday, reaching $80.24. 252,972 shares of the stock traded hands, compared to its average volume of 297,790. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $69.88 and a 12 month high of $87.81. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The company has a fifty day moving average price of $82.95 and a 200-day moving average price of $78.84.

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.