Avantax Planning Partners Inc. Buys 24,826 Shares of SPDR S&P 400 Mid Cap Value ETF $MDYV

Avantax Planning Partners Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 2.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 918,268 shares of the company’s stock after acquiring an additional 24,826 shares during the period. SPDR S&P 400 Mid Cap Value ETF comprises 2.1% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 13th biggest position. Avantax Planning Partners Inc. owned approximately 3.24% of SPDR S&P 400 Mid Cap Value ETF worth $78,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 38.4% in the first quarter. AQR Capital Management LLC now owns 3,563 shares of the company’s stock worth $275,000 after buying an additional 988 shares in the last quarter. NewEdge Advisors LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 3.6% during the first quarter. NewEdge Advisors LLC now owns 6,395 shares of the company’s stock valued at $493,000 after acquiring an additional 221 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in SPDR S&P 400 Mid Cap Value ETF by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 261,025 shares of the company’s stock valued at $20,112,000 after acquiring an additional 18,506 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 42.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 22,208 shares of the company’s stock worth $1,764,000 after acquiring an additional 6,571 shares during the period. Finally, M&T Bank Corp bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter worth $245,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV stock opened at $94.09 on Tuesday. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $78.19 and a 52-week high of $95.34. The company has a market capitalization of $2.72 billion, a PE ratio of 15.85 and a beta of 0.96. The business’s fifty day moving average is $92.27 and its 200 day moving average is $89.67.

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.