Merit Financial Group LLC Sells 1,563 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Merit Financial Group LLC reduced its holdings in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,739 shares of the company’s stock after selling 1,563 shares during the quarter. Merit Financial Group LLC owned 0.17% of SPDR S&P 400 Mid Cap Value ETF worth $4,550,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealthcare Advisory Partners LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 2.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 35,994 shares of the company’s stock worth $2,887,000 after purchasing an additional 1,004 shares in the last quarter. Total Wealth Planning LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 0.5% in the fourth quarter. Total Wealth Planning LLC now owns 97,798 shares of the company’s stock valued at $7,843,000 after buying an additional 480 shares during the period. Occidental Asset Management LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 20.1% during the fourth quarter. Occidental Asset Management LLC now owns 30,864 shares of the company’s stock worth $2,475,000 after acquiring an additional 5,171 shares in the last quarter. Inspirion Wealth Advisors LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 104.3% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 8,813 shares of the company’s stock worth $709,000 after acquiring an additional 4,500 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its position in SPDR S&P 400 Mid Cap Value ETF by 93.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,619 shares of the company’s stock valued at $130,000 after acquiring an additional 782 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.4 %

Shares of NYSEARCA MDYV opened at $83.03 on Friday. The company has a fifty day moving average price of $82.90 and a 200 day moving average price of $79.53. The firm has a market cap of $2.79 billion, a PE ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $69.93 and a 1-year high of $87.81.

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.