LPL Financial LLC Trims Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

LPL Financial LLC cut its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 4.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,110,334 shares of the company’s stock after selling 56,612 shares during the period. LPL Financial LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $89,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 2,007.1% in the 3rd quarter. Continuum Advisory LLC now owns 295 shares of the company’s stock worth $25,000 after purchasing an additional 281 shares in the last quarter. Assetmark Inc. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,088.5% in the fourth quarter. Assetmark Inc. now owns 309 shares of the company’s stock worth $25,000 after buying an additional 283 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 996.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the company’s stock worth $28,000 after buying an additional 319 shares in the last quarter. Millstone Evans Group LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter valued at $36,000. Finally, Crews Bank & Trust purchased a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $45,000.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.5 %

Shares of NYSEARCA MDYV opened at $78.43 on Wednesday. The business has a 50-day moving average of $80.89 and a 200-day moving average of $81.15. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.80 and a beta of 1.17. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $70.15 and a 12 month high of $87.81.

SPDR S&P 400 Mid Cap Value ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be given a $0.2455 dividend. The ex-dividend date of this dividend is Monday, March 24th.

SPDR S&P 400 Mid Cap Value ETF 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.