ERn Financial LLC Acquires 169,285 Shares of SPDR S&P 400 Mid Cap Value ETF $MDYV

ERn Financial LLC acquired a new position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 169,285 shares of the company’s stock, valued at approximately $14,983,000. SPDR S&P 400 Mid Cap Value ETF makes up approximately 2.4% of ERn Financial LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds have also bought and sold shares of the business. Sterling Financial Planning Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at about $573,000. Financial Network Wealth Advisors LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter worth approximately $529,000. Capital Wealth Management LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the third quarter worth approximately $9,356,000. Convergence Financial LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter valued at approximately $19,097,000. Finally, Lodestar Private Asset Management LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter valued at approximately $1,481,000.

SPDR S&P 400 Mid Cap Value ETF Stock Up 1.5%

Shares of SPDR S&P 400 Mid Cap Value ETF stock opened at $93.87 on Friday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 15.85 and a beta of 0.97. The company’s 50 day moving average is $92.10 and its 200 day moving average is $91.28. 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 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.