Asset Dedication LLC Acquires New Position in SPDR S&P 400 Mid Cap Value ETF $MDYV

Asset Dedication LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 146,871 shares of the company’s stock, valued at approximately $13,000,000. SPDR S&P 400 Mid Cap Value ETF makes up about 0.8% of Asset Dedication LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds also recently bought and sold shares of MDYV. First Pacific Financial acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $32,359,000. Canandaigua National Bank & Trust Co. bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter valued at $33,639,000. Rodgers & Associates LTD bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter valued at about $19,158,000. Convergence Financial LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter worth about $19,097,000. Finally, ERn Financial LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at about $14,983,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV opened at $92.17 on Friday. The stock has a market capitalization of $2.77 billion, a PE ratio of 16.29 and a beta of 0.97. SPDR S&P 400 Mid Cap Value ETF has a 1 year low of $79.64 and a 1 year high of $97.58. The company’s 50-day simple moving average is $91.90 and its 200-day simple moving average is $91.42.

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.