Evermay Wealth Management LLC Invests $35,000 in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Evermay Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 463 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Prime Capital Investment Advisors LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 73.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,851 shares of the company’s stock worth $576,000 after buying an additional 3,323 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 3.7% during the fourth quarter. Brookstone Capital Management now owns 9,327 shares of the company’s stock worth $684,000 after buying an additional 333 shares during the last quarter. Silverlake Wealth Management LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $251,000. Avantax Advisory Services Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $245,000. Finally, Invera Wealth Advisors LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $2,129,000.

SPDR S&P 400 Mid Cap Value ETF Trading Up 1.2 %

Shares of NYSEARCA MDYV traded up $0.93 during midday trading on Thursday, reaching $76.55. 98,987 shares of the company were exchanged, compared to its average volume of 219,334. SPDR S&P 400 Mid Cap Value ETF has a 1 year low of $59.67 and a 1 year high of $78.31. The stock has a fifty day simple moving average of $73.98 and a 200 day simple moving average of $73.18. The stock has a market cap of $2.57 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.