215,759 Shares of SPDR S&P 400 Mid Cap Value ETF $MDYV Acquired by Convergence Financial LLC

Convergence Financial LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 215,759 shares of the company’s stock, valued at approximately $19,097,000. SPDR S&P 400 Mid Cap Value ETF comprises about 2.7% of Convergence Financial LLC’s portfolio, making the stock its 11th largest position.

A number of other large investors have also recently added to or reduced their stakes in MDYV. CoreCap Advisors LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at about $54,000. Basecamp Wealth Advisors LLC acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the first quarter worth about $55,000. Atwood & Palmer Inc. acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the third quarter worth about $66,000. Pinnacle Bancorp Inc. acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the third quarter worth about $106,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 16.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,260 shares of the company’s stock valued at $107,000 after purchasing an additional 175 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of NYSEARCA MDYV opened at $92.47 on Thursday. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $79.64 and a 12-month high of $97.58. The company has a market capitalization of $2.77 billion, a PE ratio of 15.85 and a beta of 0.97. The firm’s 50-day moving average is $92.14 and its two-hundred day moving average is $91.25.

SPDR S&P 400 Mid Cap Value ETF Company 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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.