Summit Investment Advisory Services LLC Buys 357 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

Summit Investment Advisory Services LLC increased its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,303 shares of the company’s stock after purchasing an additional 357 shares during the quarter. Summit Investment Advisory Services LLC’s holdings in SPDR S&P 400 Mid Cap Value ETF were worth $265,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MDYV. Continuum Advisory LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2,007.1% during the 3rd quarter. Continuum Advisory LLC now owns 295 shares of the company’s stock worth $25,000 after buying an additional 281 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 996.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the company’s stock worth $28,000 after acquiring an additional 319 shares during the period. US Bancorp DE grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 26.5% during the 3rd quarter. US Bancorp DE now owns 955 shares of the company’s stock worth $76,000 after acquiring an additional 200 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in SPDR S&P 400 Mid Cap Value ETF by 93.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,619 shares of the company’s stock valued at $130,000 after purchasing an additional 782 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $202,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV opened at $83.64 on Friday. The company has a 50 day moving average price of $82.87 and a 200-day moving average price of $79.87. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $69.93 and a fifty-two week high of $87.81. The stock has a market capitalization of $2.81 billion, a PE 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.