Insight Advisors LLC PA Makes New Investment in SPDR S&P 400 Mid Cap Value ETF $MDYV

Insight Advisors LLC PA purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,320 shares of the company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth about $2,488,000. Pinnacle Bancorp Inc. acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at about $106,000. Courage Miller Partners LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $2,729,000. Crescent Grove Advisors LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $499,000. Finally, Diligent Investors LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $5,527,000.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.6%

NYSEARCA MDYV opened at $92.46 on Friday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.85 and a beta of 0.97. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $79.64 and a twelve month high of $97.58. The stock has a 50-day moving average of $92.45 and a 200 day moving average of $92.53.

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. 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.