Convergence Financial LLC Buys 15,656 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Convergence Financial LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,612 shares of the company’s stock after acquiring an additional 15,656 shares during the period. SPDR S&P 400 Mid Cap Value ETF comprises approximately 4.2% of Convergence Financial LLC’s portfolio, making the stock its 6th biggest holding. Convergence Financial LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $21,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 26.5% in the third quarter. US Bancorp DE now owns 955 shares of the company’s stock valued at $76,000 after acquiring an additional 200 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 11.4% in the 3rd quarter. Principal Securities Inc. now owns 32,619 shares of the company’s stock valued at $2,592,000 after purchasing an additional 3,336 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 8.7% in the third quarter. Chicago Partners Investment Group LLC now owns 36,880 shares of the company’s stock worth $2,952,000 after purchasing an additional 2,958 shares in the last quarter. Lutz Financial Services LLC increased its position in SPDR S&P 400 Mid Cap Value ETF by 2.2% during the third quarter. Lutz Financial Services LLC now owns 690,992 shares of the company’s stock worth $54,906,000 after buying an additional 14,917 shares during the last quarter. Finally, World Equity Group Inc. acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the third quarter worth $378,000.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of NYSEARCA:MDYV opened at $80.75 on Thursday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 18.12 and a beta of 1.17. The business has a 50-day moving average of $81.74 and a two-hundred day moving average of $80.98. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $70.14 and a fifty-two week high of $87.81.

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.