Friday Financial Makes New Investment in SPDR S&P 400 Mid Cap Value ETF $MDYV

Friday Financial acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,863 shares of the company’s stock, valued at approximately $2,133,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDYV. FAS Wealth Partners Inc. grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.4% in the first quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock valued at $53,236,000 after purchasing an additional 14,368 shares during the period. Global Assets Advisory LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 1st quarter worth about $725,000. NorthRock Partners LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 6.2% during the 2nd quarter. NorthRock Partners LLC now owns 1,427,030 shares of the company’s stock worth $135,354,000 after purchasing an additional 83,282 shares during the last quarter. Marotta Asset Management purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $3,415,000. Finally, Private Advisor Group LLC lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 9.3% in the 1st quarter. Private Advisor Group LLC now owns 93,543 shares of the company’s stock valued at $7,965,000 after buying an additional 7,951 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.0%

MDYV stock opened at $90.11 on Friday. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $79.64 and a 12-month high of $97.58. The business’s 50-day moving average is $93.44 and its 200 day moving average is $92.08. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 15.85 and a beta of 0.97.

SPDR S&P 400 Mid Cap Value ETF Company 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.