ERn Financial LLC Reduces Stock Position in SPDR S&P 400 Mid Cap Value ETF $MDYV

ERn Financial LLC decreased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,625 shares of the company’s stock after selling 9,215 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF comprises approximately 3.1% of ERn Financial LLC’s holdings, making the stock its 4th largest position. ERn Financial LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $15,650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 12.0% in the third quarter. Chicago Partners Investment Group LLC now owns 54,427 shares of the company’s stock worth $4,539,000 after acquiring an additional 5,852 shares during the last quarter. AE Wealth Management LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.0% in the 2nd quarter. AE Wealth Management LLC now owns 569,021 shares of the company’s stock valued at $45,197,000 after purchasing an additional 10,978 shares during the period. Balanced Wealth Group LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 7.5% in the 2nd quarter. Balanced Wealth Group LLC now owns 152,171 shares of the company’s stock valued at $12,212,000 after purchasing an additional 10,619 shares during the period. Burney Co. grew its position in SPDR S&P 400 Mid Cap Value ETF by 286.9% in the 3rd quarter. Burney Co. now owns 10,005 shares of the company’s stock worth $835,000 after purchasing an additional 7,419 shares during the last quarter. Finally, Bill Few Associates Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 153.7% during the 2nd quarter. Bill Few Associates Inc. now owns 29,109 shares of the company’s stock worth $2,312,000 after purchasing an additional 17,636 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV opened at $89.79 on Friday. The company has a 50-day simple moving average of $85.69 and a 200-day simple moving average of $83.67. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $65.86 and a 52 week high of $90.61. The firm has a market capitalization of $2.60 billion, a P/E ratio of 15.85 and a beta of 1.05.

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. 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.