Canandaigua National Bank & Trust Co. Makes New $31.05 Million Investment in SPDR S&P 400 Mid Cap Value ETF $MDYV

Canandaigua National Bank & Trust Co. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 350,786 shares of the company’s stock, valued at approximately $31,048,000. SPDR S&P 400 Mid Cap Value ETF makes up about 2.8% of Canandaigua National Bank & Trust Co.’s portfolio, making the stock its 6th biggest position. Canandaigua National Bank & Trust Co. owned approximately 1.17% of SPDR S&P 400 Mid Cap Value ETF at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MDYV. Basecamp Wealth Advisors LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter valued at about $55,000. Rockefeller Capital Management L.P. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 16.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,260 shares of the company’s stock valued at $107,000 after buying an additional 175 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 8.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,899 shares of the company’s stock valued at $162,000 after buying an additional 155 shares during the period. Bartlett & CO. Wealth Management LLC increased its position in SPDR S&P 400 Mid Cap Value ETF by 36.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 2,086 shares of the company’s stock valued at $188,000 after buying an additional 554 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in SPDR S&P 400 Mid Cap Value ETF in the 1st quarter valued at about $206,000.

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

MDYV stock traded down $1.28 during trading on Wednesday, reaching $89.45. 62,347 shares of the stock were exchanged, compared to its average volume of 85,656. The firm’s 50 day moving average is $93.75 and its 200 day moving average is $92.00. The firm has a market cap of $2.69 billion, a P/E ratio of 15.85 and a beta of 0.97. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $79.64 and a twelve month high of $97.58.

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. 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.