JNBA Financial Advisors Sells 9,801 Shares of SPDR S&P 400 Mid Cap Value ETF $MDYV

JNBA Financial Advisors decreased its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 8.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 108,014 shares of the company’s stock after selling 9,801 shares during the quarter. SPDR S&P 400 Mid Cap Value ETF accounts for about 0.8% of JNBA Financial Advisors’ investment portfolio, making the stock its 27th biggest holding. JNBA Financial Advisors’ holdings in SPDR S&P 400 Mid Cap Value ETF were worth $8,580,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MDYV. Envestnet Asset Management Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 39.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 329,148 shares of the company’s stock valued at $25,361,000 after buying an additional 93,604 shares in the last quarter. Prism Advisors Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter valued at approximately $6,875,000. Avantax Planning Partners Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 21.8% in the 1st quarter. Avantax Planning Partners Inc. now owns 412,142 shares of the company’s stock valued at $31,756,000 after buying an additional 73,731 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in SPDR S&P 400 Mid Cap Value ETF by 34.3% during the first quarter. Clark Capital Management Group Inc. now owns 255,331 shares of the company’s stock worth $19,673,000 after purchasing an additional 65,216 shares during the period. Finally, Confluence Investment Management LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 26.4% during the second quarter. Confluence Investment Management LLC now owns 308,171 shares of the company’s stock worth $24,478,000 after purchasing an additional 64,311 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Stock Down 3.0%

Shares of SPDR S&P 400 Mid Cap Value ETF stock opened at $80.59 on Friday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 15.85 and a beta of 1.17. The stock has a 50 day moving average price of $82.93 and a two-hundred day moving average price of $79.13. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $65.86 and a 12-month high of $87.81.

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.