Sterling Financial Planning Inc. Makes New $573,000 Investment in SPDR S&P 400 Mid Cap Value ETF $MDYV

Sterling Financial Planning Inc. acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,474 shares of the company’s stock, valued at approximately $573,000.

Other large investors have also recently bought and sold shares of the company. Financial Network Wealth Advisors LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at $529,000. Capital Wealth Management LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $9,356,000. Convergence Financial LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $19,097,000. Lodestar Private Asset Management LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $1,481,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $206,000.

SPDR S&P 400 Mid Cap Value ETF Stock Up 1.5%

Shares of MDYV opened at $93.87 on Friday. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $79.64 and a 52-week high of $97.58. The company has a 50-day simple moving average of $92.10 and a 200-day simple moving average of $91.28. The company has a market capitalization of $2.82 billion, a PE ratio of 15.85 and a beta of 0.97.

SPDR S&P 400 Mid Cap Value ETF 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.