SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Shares Sold by Joseph Group Capital Management

Joseph Group Capital Management reduced its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,408 shares of the company’s stock after selling 415 shares during the period. Joseph Group Capital Management’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $434,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MDYV. J.W. Cole Advisors Inc. lifted its position in SPDR S&P 400 Mid Cap Value ETF by 2.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,751 shares of the company’s stock worth $381,000 after buying an additional 126 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 0.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 39,985 shares of the company’s stock worth $3,177,000 after acquiring an additional 134 shares during the last quarter. KPP Advisory Services LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.2% during the 4th quarter. KPP Advisory Services LLC now owns 7,261 shares of the company’s stock worth $582,000 after acquiring an additional 157 shares during the period. Stevens Capital Partners boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 0.9% during the 4th quarter. Stevens Capital Partners now owns 18,124 shares of the company’s stock valued at $1,454,000 after acquiring an additional 165 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 0.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 41,307 shares of the company’s stock valued at $3,313,000 after purchasing an additional 197 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of MDYV stock opened at $76.70 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of 16.80 and a beta of 1.17. The firm’s 50-day moving average is $80.59 and its two-hundred day moving average is $81.15. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $70.15 and a 12 month high of $87.81.

SPDR S&P 400 Mid Cap Value ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.2455 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.