Raymond James Financial Inc. Makes New Investment in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 197,456 shares of the company’s stock, valued at approximately $15,836,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MDYV. J.W. Cole Advisors Inc. increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,751 shares of the company’s stock valued at $381,000 after buying an additional 126 shares during the period. KPP Advisory Services LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.2% during the 4th quarter. KPP Advisory Services LLC now owns 7,261 shares of the company’s stock worth $582,000 after purchasing an additional 157 shares during the last quarter. Stevens Capital Partners lifted its position in SPDR S&P 400 Mid Cap Value ETF by 0.9% during the 4th quarter. Stevens Capital Partners now owns 18,124 shares of the company’s stock valued at $1,454,000 after purchasing an additional 165 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 0.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 41,307 shares of the company’s stock valued at $3,313,000 after purchasing an additional 197 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 0.5% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 50,628 shares of the company’s stock worth $4,060,000 after buying an additional 230 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV stock opened at $70.05 on Tuesday. The firm’s 50 day moving average price is $76.45 and its two-hundred day moving average price is $80.28. The stock has a market cap of $2.11 billion, a PE ratio of 14.94 and a beta of 1.06. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $65.86 and a 52-week high of $87.81.

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.