LPL Financial LLC Sells 56,612 Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

LPL Financial LLC reduced its position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,110,334 shares of the company’s stock after selling 56,612 shares during the quarter. LPL Financial LLC owned about 3.30% of SPDR S&P 400 Mid Cap Value ETF worth $89,049,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its position in 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 during the last quarter. Assetmark Inc. grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 1,088.5% in the fourth quarter. Assetmark Inc. now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 283 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in SPDR S&P 400 Mid Cap Value ETF by 996.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the company’s stock valued at $28,000 after acquiring an additional 319 shares during the period. Millstone Evans Group LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter valued at about $36,000. Finally, Crews Bank & Trust acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the fourth quarter worth approximately $45,000.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of SPDR S&P 400 Mid Cap Value ETF stock opened at $78.43 on Wednesday. SPDR S&P 400 Mid Cap Value ETF has a one year low of $70.15 and a one year high of $87.81. The business’s 50 day moving average price is $80.89 and its 200 day moving average price is $81.15. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 16.80 and a beta of 1.17.

SPDR S&P 400 Mid Cap Value ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be paid a dividend of $0.2455 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.