Valmark Advisers Inc. Has $899,000 Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

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Valmark Advisers Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,492 shares of the company’s stock after acquiring an additional 639 shares during the quarter. Valmark Advisers Inc. owned 0.06% of SPDR S&P 400 Mid Cap Value ETF worth $899,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the first quarter worth $37,000. Cable Hill Partners LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at $42,000. Synovus Financial Corp acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at $44,000. Advisory Services Network LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 125.7% in the second quarter. Advisory Services Network LLC now owns 993 shares of the company’s stock valued at $51,000 after buying an additional 553 shares in the last quarter. Finally, Weaver Consulting Group acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at $86,000.

Shares of NYSEARCA:MDYV traded up $0.16 during midday trading on Tuesday, reaching $48.30. The company’s stock had a trading volume of 100 shares, compared to its average volume of 174,541. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $41.72 and a fifty-two week high of $54.94. The business’s fifty day simple moving average is $50.26 and its 200-day simple moving average is $50.77.

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.

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Institutional Ownership by Quarter for SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

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