Klingman & Associates LLC Raises Position in SPDR S&P 400 Mid Cap Value ETF $MDYV

Klingman & Associates LLC grew its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 372,304 shares of the company’s stock after acquiring an additional 26,152 shares during the period. SPDR S&P 400 Mid Cap Value ETF comprises 1.6% of Klingman & Associates LLC’s portfolio, making the stock its 15th largest holding. Klingman & Associates LLC owned 1.24% of SPDR S&P 400 Mid Cap Value ETF worth $29,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at about $38,000. Compass Financial Services Inc purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at about $63,000. Nova Wealth Management Inc. boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 488.7% in the second quarter. Nova Wealth Management Inc. now owns 989 shares of the company’s stock valued at $79,000 after acquiring an additional 821 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 3,903.8% in the first quarter. Smartleaf Asset Management LLC now owns 1,041 shares of the company’s stock valued at $80,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF during the first quarter worth about $205,000.

SPDR S&P 400 Mid Cap Value ETF Trading Up 1.4%

MDYV stock opened at $83.58 on Tuesday. The company has a market cap of $2.44 billion, a P/E ratio of 15.85 and a beta of 1.17. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $65.86 and a 52 week high of $87.81. The company’s 50-day moving average price is $83.32 and its 200 day moving average price is $79.46.

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.