SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) is Convergence Financial LLC’s 6th Largest Position

Convergence Financial LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,956 shares of the company’s stock after purchasing an additional 21,615 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF comprises approximately 4.2% of Convergence Financial LLC’s holdings, making the stock its 6th largest holding. Convergence Financial LLC owned 0.74% of SPDR S&P 400 Mid Cap Value ETF worth $19,862,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 12.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,906,762 shares of the company’s stock worth $430,839,000 after purchasing an additional 669,534 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 7,775.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 469,671 shares of the company’s stock worth $34,258,000 after acquiring an additional 463,707 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 242.0% during the 1st quarter. Kestra Advisory Services LLC now owns 529,356 shares of the company’s stock worth $40,231,000 after acquiring an additional 374,595 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter valued at approximately $25,972,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 10,210.4% in the first quarter. Tradewinds Capital Management LLC now owns 220,951 shares of the company’s stock valued at $16,792,000 after purchasing an additional 218,808 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV opened at $79.50 on Friday. The stock has a market capitalization of $2.67 billion, a PE ratio of 14.55 and a beta of 1.11. The company’s fifty day moving average is $78.57 and its 200 day moving average is $75.54. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $59.67 and a fifty-two week high of $81.94.

SPDR S&P 400 Mid Cap Value ETF Company 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.