Balanced Wealth Group LLC Makes New Investment in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Balanced Wealth Group LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,826 shares of the company’s stock, valued at approximately $3,069,000. SPDR S&P 400 Mid Cap Value ETF accounts for approximately 1.6% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Engines Advisors L.L.C. boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 18.0% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,723,490 shares of the company’s stock worth $111,786,000 after buying an additional 263,227 shares in the last quarter. LPL Financial LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 10.7% in the 3rd quarter. LPL Financial LLC now owns 1,121,915 shares of the company’s stock valued at $72,767,000 after purchasing an additional 108,439 shares in the last quarter. Townsquare Capital LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 2.1% in the third quarter. Townsquare Capital LLC now owns 729,680 shares of the company’s stock valued at $47,327,000 after purchasing an additional 14,816 shares during the period. TIAA Trust National Association increased its stake in SPDR S&P 400 Mid Cap Value ETF by 14.3% in the 4th quarter. TIAA Trust National Association now owns 653,271 shares of the company’s stock valued at $47,937,000 after buying an additional 81,823 shares during the period. Finally, Lutz Financial Services LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 2.4% in the third quarter. Lutz Financial Services LLC now owns 607,312 shares of the company’s stock valued at $39,390,000 after purchasing an additional 13,968 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

MDYV traded down $0.09 on Wednesday, hitting $74.03. 127,776 shares of the company were exchanged, compared to its average volume of 274,938. The business’s fifty day moving average is $73.22 and its 200 day moving average is $70.63. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $59.67 and a fifty-two week high of $76.26. The firm has a market capitalization of $2.55 billion, a P/E ratio of 13.97 and a beta of 1.11.

SPDR S&P 400 Mid Cap Value ETF Company 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.