Merit Financial Group LLC Sells 1,563 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Merit Financial Group LLC lowered its stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,739 shares of the company’s stock after selling 1,563 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $4,550,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 450,824 shares during the period. Benjamin Edwards Inc. boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 2,202.9% in the third quarter. Benjamin Edwards Inc. now owns 470,855 shares of the company’s stock worth $37,414,000 after acquiring an additional 450,409 shares in the last quarter. Susquehanna International Group LLP grew its stake in SPDR S&P 400 Mid Cap Value ETF by 488.6% in the second quarter. Susquehanna International Group LLP now owns 52,738 shares of the company’s stock valued at $3,847,000 after acquiring an additional 43,778 shares during the period. Confluence Investment Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 14.6% during the fourth quarter. Confluence Investment Management LLC now owns 251,986 shares of the company’s stock valued at $20,209,000 after acquiring an additional 32,026 shares in the last quarter. Finally, CWM LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 29.0% during the third quarter. CWM LLC now owns 128,319 shares of the company’s stock worth $10,196,000 after purchasing an additional 28,841 shares during the period.

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

NYSEARCA MDYV opened at $83.03 on Friday. The company has a fifty day simple moving average of $82.90 and a 200 day simple moving average of $79.53. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $69.93 and a 12-month high of $87.81. The company has a market cap of $2.79 billion, a P/E 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.