Confluence Investment Management LLC Trims Stock Holdings in SPDR S&P 400 Mid Cap Value ETF $MDYV

Confluence Investment Management LLC lowered its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 39.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 187,780 shares of the company’s stock after selling 120,391 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $15,663,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MDYV. KPP Advisory Services LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1.9% during the second quarter. KPP Advisory Services LLC now owns 7,802 shares of the company’s stock worth $620,000 after purchasing an additional 148 shares during the period. Krilogy Financial LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 1.5% during the 2nd quarter. Krilogy Financial LLC now owns 11,927 shares of the company’s stock worth $947,000 after buying an additional 176 shares during the last quarter. NewEdge Advisors LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 3.6% during the 1st quarter. NewEdge Advisors LLC now owns 6,395 shares of the company’s stock worth $493,000 after buying an additional 221 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 13.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,911 shares of the company’s stock valued at $152,000 after acquiring an additional 227 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1.3% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 18,490 shares of the company’s stock valued at $1,469,000 after acquiring an additional 229 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Price Performance

NYSEARCA:MDYV opened at $86.24 on Tuesday. The company’s fifty day moving average price is $83.58 and its 200-day moving average price is $82.40. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $65.86 and a 1-year high of $87.49. The firm has a market capitalization of $2.47 billion, a P/E ratio of 15.85 and a beta of 1.05.

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. 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.