Freedom Investment Management Inc. Has $5.22 Million Stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Freedom Investment Management Inc. cut its holdings in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 9.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,675 shares of the company’s stock after selling 6,901 shares during the quarter. Freedom Investment Management Inc.’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $5,218,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MDYV. Comerica Bank grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 3.3% in the 1st quarter. Comerica Bank now owns 9,937 shares of the company’s stock valued at $755,000 after buying an additional 316 shares during the period. ARQ Wealth Advisors LLC raised its stake in SPDR S&P 400 Mid Cap Value ETF by 27.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 9,244 shares of the company’s stock valued at $703,000 after acquiring an additional 1,993 shares during the period. Cetera Investment Advisers lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 17.0% during the 1st quarter. Cetera Investment Advisers now owns 153,983 shares of the company’s stock worth $11,703,000 after purchasing an additional 22,341 shares in the last quarter. Waller Financial Planning Group Inc. raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 3.0% in the 2nd quarter. Waller Financial Planning Group Inc. now owns 65,393 shares of the company’s stock valued at $4,770,000 after acquiring an additional 1,909 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 14.6% during the second quarter. Park Avenue Securities LLC now owns 10,355 shares of the company’s stock valued at $755,000 after purchasing an additional 1,318 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of SPDR S&P 400 Mid Cap Value ETF stock opened at $86.70 on Wednesday. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $66.09 and a 52-week high of $87.81. The company’s 50 day moving average price is $81.14 and its 200-day moving average price is $77.25. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

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.