Brown Advisory Inc. Grows Stock Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Brown Advisory Inc. raised its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,527 shares of the company’s stock after purchasing an additional 195 shares during the period. Brown Advisory Inc.’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 73.4% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,851 shares of the company’s stock valued at $576,000 after purchasing an additional 3,323 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 8.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 410,828 shares of the company’s stock valued at $26,639,000 after acquiring an additional 33,741 shares during the last quarter. Modera Wealth Management LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at about $655,000. Brookstone Capital Management increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 3.7% during the 4th quarter. Brookstone Capital Management now owns 9,327 shares of the company’s stock valued at $684,000 after acquiring an additional 333 shares during the last quarter. Finally, Silverlake Wealth Management LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 4th quarter valued at about $251,000.

SPDR S&P 400 Mid Cap Value ETF Price Performance

NYSEARCA MDYV opened at $74.18 on Monday. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $59.67 and a 12 month high of $76.39. The company has a 50-day moving average of $73.68 and a 200-day moving average of $71.84. The company has a market cap of $2.49 billion, a P/E ratio of 14.55 and a beta of 1.11.

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.