Confluence Investment Management LLC Has $24.48 Million Stake in SPDR S&P 400 Mid Cap Value ETF $MDYV

Confluence Investment Management LLC grew its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 26.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,171 shares of the company’s stock after acquiring an additional 64,311 shares during the period. Confluence Investment Management LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $24,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Compass Financial Services Inc acquired a new stake in SPDR S&P 400 Mid Cap Value ETF during the 1st quarter valued at $63,000. Belpointe Asset Management LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter worth $541,000. Fortis Capital Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at $541,000. Signature Estate & Investment Advisors LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 40.7% in the first quarter. Signature Estate & Investment Advisors LLC now owns 66,277 shares of the company’s stock valued at $5,107,000 after buying an additional 19,187 shares during the last quarter. Finally, Everstar Asset Management LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at about $1,384,000.

SPDR S&P 400 Mid Cap Value ETF Stock Down 1.1%

Shares of NYSEARCA:MDYV opened at $84.24 on Friday. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $65.86 and a 12 month high of $87.81. The company’s 50-day moving average price is $82.12 and its two-hundred day moving average price is $78.40. The firm has a market cap of $2.50 billion, a P/E ratio of 15.85 and a beta of 1.17.

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.