Envestnet Asset Management Inc. Buys 93,604 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 39.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 329,148 shares of the company’s stock after purchasing an additional 93,604 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $25,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Good Life Advisors LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 1.4% during the first quarter. Good Life Advisors LLC now owns 10,448 shares of the company’s stock worth $805,000 after buying an additional 143 shares in the last quarter. Courier Capital LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 0.7% in the 1st quarter. Courier Capital LLC now owns 22,717 shares of the company’s stock worth $1,750,000 after purchasing an additional 151 shares in the last quarter. Friday Financial boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 3.5% in the 1st quarter. Friday Financial now owns 4,922 shares of the company’s stock worth $385,000 after purchasing an additional 166 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.4% in the 1st quarter. Everhart Financial Group Inc. now owns 7,441 shares of the company’s stock worth $573,000 after purchasing an additional 175 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 3.0% in the 1st quarter. Strategic Financial Concepts LLC now owns 6,173 shares of the company’s stock worth $476,000 after purchasing an additional 180 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Trading Down 2.0%

MDYV opened at $80.46 on Wednesday. The stock has a 50-day moving average price of $78.73 and a 200-day moving average price of $78.32. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $65.86 and a 12-month high of $87.81. The stock has a market capitalization of $2.42 billion, a P/E ratio of 15.85 and a beta of 1.17.

About SPDR S&P 400 Mid Cap Value ETF

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.