Acorn Financial Advisory Services Inc. ADV Grows Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Acorn Financial Advisory Services Inc. ADV increased its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,821 shares of the company’s stock after purchasing an additional 964 shares during the period. Acorn Financial Advisory Services Inc. ADV owned approximately 0.05% of SPDR S&P 400 Mid Cap Value ETF worth $1,416,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 1st quarter worth approximately $35,000. PSI Advisors LLC increased its stake 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 purchasing an additional 153 shares in the last quarter. US Bancorp DE increased its stake in SPDR S&P 400 Mid Cap Value ETF by 26.5% during the 3rd quarter. US Bancorp DE now owns 955 shares of the company’s stock valued at $76,000 after purchasing an additional 200 shares in the last quarter. Gradient Investments LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the 2nd quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after purchasing an additional 970 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter valued at $80,000.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.4 %

Shares of MDYV stock traded up $0.37 during trading hours on Friday, hitting $84.44. The company’s stock had a trading volume of 97,648 shares, compared to its average volume of 200,085. The company has a 50 day moving average of $79.33 and a 200 day moving average of $76.24. The stock has a market cap of $2.84 billion, a PE ratio of 14.55 and a beta of 1.11. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $62.24 and a 12-month high of $84.63.

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.