Acorn Financial Advisory Services Inc. ADV Increases Stock Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,821 shares of the company’s stock after acquiring an additional 964 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $1,416,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the first quarter worth $35,000. PSI Advisors LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 35.5% during the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock worth $43,000 after acquiring an additional 153 shares during the period. US Bancorp DE raised its position in SPDR S&P 400 Mid Cap Value ETF by 26.5% during the third quarter. US Bancorp DE now owns 955 shares of the company’s stock worth $76,000 after acquiring an additional 200 shares during the period. Gradient Investments LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock worth $76,000 after acquiring an additional 970 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at about $80,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of NYSEARCA MDYV traded up $0.37 during mid-day trading on Friday, reaching $84.44. The company’s stock had a trading volume of 97,648 shares, compared to its average volume of 200,085. The stock has a 50-day moving average of $79.33 and a two-hundred day moving average of $76.24. The stock has a market capitalization of $2.84 billion, a P/E ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $62.24 and a 1-year high of $84.63.

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.