Shum Financial Group Inc. Boosts Stock Holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Shum Financial Group Inc. grew its holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 24,928 shares of the company’s stock after buying an additional 1,041 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF makes up approximately 1.7% of Shum Financial Group Inc.’s investment portfolio, making the stock its 21st largest holding. Shum Financial Group Inc.’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $1,921,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Susquehanna International Group LLP purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter valued at approximately $80,200,000. NorthRock Partners LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 164.4% in the fourth quarter. NorthRock Partners LLC now owns 1,330,054 shares of the company’s stock worth $106,670,000 after acquiring an additional 826,988 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 7.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,846,141 shares of the company’s stock valued at $549,060,000 after purchasing an additional 488,555 shares in the last quarter. TIAA Trust National Association raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 39.4% during the 4th quarter. TIAA Trust National Association now owns 810,809 shares of the company’s stock valued at $65,027,000 after purchasing an additional 229,359 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 382.6% during the 4th quarter. IHT Wealth Management LLC now owns 283,335 shares of the company’s stock worth $22,723,000 after purchasing an additional 224,627 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.1%

Shares of NYSEARCA MDYV opened at $78.06 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 15.96 and a beta of 1.05. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $65.86 and a 52 week high of $87.81. The business has a 50-day simple moving average of $76.01 and a two-hundred day simple moving average of $78.52.

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.