World Equity Group Inc. Purchases New Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

World Equity Group Inc. acquired a new position in 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 and Exchange Commission. The fund acquired 4,753 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds have also modified their holdings of the company. Evermay Wealth Management LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 1st quarter worth about $35,000. PSI Advisors LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 35.5% during the 2nd quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after acquiring an additional 153 shares during the period. US Bancorp DE grew its position in SPDR S&P 400 Mid Cap Value ETF by 26.5% in the 3rd quarter. US Bancorp DE now owns 955 shares of the company’s stock valued at $76,000 after acquiring an additional 200 shares during the last quarter. Gradient Investments LLC lifted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock worth $76,000 after purchasing an additional 970 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter worth about $80,000.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.2 %

MDYV opened at $79.68 on Tuesday. The stock’s fifty day moving average is $78.93 and its two-hundred day moving average is $75.97. The company has a market capitalization of $2.68 billion, a P/E ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $62.24 and a 52 week high of $81.94.

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.