Drive Wealth Management LLC Sells 5,980 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Drive Wealth Management LLC decreased its holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 59.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,115 shares of the company’s stock after selling 5,980 shares during the quarter. Drive Wealth Management LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 17.0% in the first quarter. Cetera Investment Advisers now owns 153,983 shares of the company’s stock valued at $11,703,000 after buying an additional 22,341 shares during the period. Gradient Investments LLC lifted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,259.7% in the 2nd quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock worth $76,000 after purchasing an additional 970 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 161.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 185,552 shares of the company’s stock valued at $13,534,000 after purchasing an additional 114,596 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 26.3% during the second quarter. Commonwealth Equity Services LLC now owns 165,857 shares of the company’s stock worth $12,098,000 after buying an additional 34,543 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF during the second quarter worth $4,900,000.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.1 %

Shares of MDYV opened at $82.85 on Tuesday. The firm’s fifty day simple moving average is $80.16 and its two-hundred day simple moving average is $76.79. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $65.81 and a 12 month high of $85.67. The stock has a market capitalization of $2.78 billion, a P/E ratio of 14.55 and a beta of 1.11.

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.