SPDR S&P 400 Mid Cap Value ETF $MDYV is Convergence Financial LLC’s 5th Largest Position

Convergence Financial LLC boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 299,475 shares of the company’s stock after purchasing an additional 17,468 shares during the period. SPDR S&P 400 Mid Cap Value ETF accounts for 3.8% of Convergence Financial LLC’s investment portfolio, making the stock its 5th biggest holding. Convergence Financial LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $24,979,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MDYV. Wealthcare Advisory Partners LLC boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 5.7% in the third quarter. Wealthcare Advisory Partners LLC now owns 43,461 shares of the company’s stock worth $3,625,000 after buying an additional 2,332 shares during the period. JPMorgan Chase & Co. boosted its position in SPDR S&P 400 Mid Cap Value ETF by 100.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,510 shares of the company’s stock worth $3,713,000 after acquiring an additional 22,302 shares during the period. Onyx Bridge Wealth Group LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 229.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 14,091 shares of the company’s stock valued at $1,175,000 after acquiring an additional 9,820 shares in the last quarter. LexAurum Advisors LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1.4% in the 3rd quarter. LexAurum Advisors LLC now owns 10,507 shares of the company’s stock valued at $876,000 after purchasing an additional 143 shares during the period. Finally, Burt Wealth Advisors increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 8.7% in the 3rd quarter. Burt Wealth Advisors now owns 5,492 shares of the company’s stock valued at $458,000 after purchasing an additional 440 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Price Performance

NYSEARCA MDYV opened at $91.91 on Friday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05. The company has a 50 day simple moving average of $88.51 and a 200-day simple moving average of $84.98. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $65.86 and a 52-week high of $93.10.

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. 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.