Summit Investment Advisory Services LLC Invests $234,000 in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Summit Investment Advisory Services LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,946 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also recently bought and sold shares of the stock. GoalVest Advisory LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter valued at $28,000. Evermay Wealth Management LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 1st quarter worth about $35,000. PSI Advisors LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 35.5% during the 2nd 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. Gradient Investments LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 1,259.7% in the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after buying an additional 970 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the second quarter worth about $80,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of NYSEARCA MDYV traded down $0.07 during mid-day trading on Thursday, hitting $81.59. 9,019 shares of the stock were exchanged, compared to its average volume of 181,065. The company has a market cap of $2.74 billion, a P/E ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $59.67 and a twelve month high of $81.83. The stock’s fifty day simple moving average is $77.85 and its two-hundred day simple moving average is $75.28.

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.