Shum Financial Group Inc. Acquires New Shares in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Shum Financial Group Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 23,288 shares of the company’s stock, valued at approximately $1,881,000. SPDR S&P 400 Mid Cap Value ETF accounts for about 1.6% of Shum Financial Group Inc.’s portfolio, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,357,586 shares of the company’s stock valued at $505,174,000 after acquiring an additional 450,824 shares in the last quarter. Lutz Financial Services LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.2% during the 3rd quarter. Lutz Financial Services LLC now owns 690,992 shares of the company’s stock valued at $54,906,000 after purchasing an additional 14,917 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of 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 valued at $34,258,000 after purchasing an additional 463,707 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 5.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 374,916 shares of the company’s stock worth $29,791,000 after purchasing an additional 18,836 shares in the last quarter. Finally, First Pacific Financial boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.8% in the second quarter. First Pacific Financial now owns 359,076 shares of the company’s stock worth $26,191,000 after purchasing an additional 9,716 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of MDYV stock traded down $0.33 during trading on Tuesday, reaching $86.84. The company had a trading volume of 3,497 shares, compared to its average volume of 224,799. The firm’s 50 day simple moving average is $80.98 and its two-hundred day simple moving average is $77.16. SPDR S&P 400 Mid Cap Value ETF has a one year low of $66.09 and a one year high of $87.81. The company has a market capitalization of $2.92 billion, a PE 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.