Kingswood Wealth Advisors LLC Purchases New Position in SPDR S&P 400 Mid Cap Value ETF $MDYV

Kingswood Wealth Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,299 shares of the company’s stock, valued at approximately $2,505,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDYV. Trueblood Wealth Management LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $461,000. Sowell Financial Services LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the third quarter worth $203,000. DHJJ Financial Advisors Ltd. acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the third quarter worth $202,000. Gibbs Wealth Management increased its position in SPDR S&P 400 Mid Cap Value ETF by 9.8% in the third quarter. Gibbs Wealth Management now owns 9,024 shares of the company’s stock worth $799,000 after buying an additional 803 shares during the period. Finally, Beaumont Financial Advisors LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at $273,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

MDYV stock opened at $92.44 on Tuesday. SPDR S&P 400 Mid Cap Value ETF has a 1 year low of $79.64 and a 1 year high of $97.58. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.85 and a beta of 0.97. The stock’s fifty day moving average is $92.39 and its two-hundred day moving average is $91.18.

About SPDR S&P 400 Mid Cap Value ETF

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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.