Creative Planning Reduces Stake in SPDR S&P 400 Mid Cap Value ETF

Creative Planning has recently reduced its investment in the SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 1.5% during the third quarter, as indicated in its latest filing with the Securities and Exchange Commission (SEC). After this adjustment, the institutional investor now holds 17,082 shares of the ETF, down from its previous total after selling 264 shares this past quarter. At the end of the last reporting period, Creative Planning's investment in the SPDR S&P 400 Mid Cap Value ETF was valued at approximately $1,357,000.

Other institutional investors have also updated their positions in MDYV. For instance, Capital Advisory Group Advisory Services LLC increased its stake by 3.6% during the second quarter, now owning 4,092 shares valued at $298,000 after acquiring 142 additional shares. Similarly, KPP Advisory Services LLC grew its holdings by 1.9%, bringing its total to 8,073 shares with a total valuation of $589,000 after purchasing 152 further shares.

Another notable change came from PSI Advisors LLC, which significantly upped its holdings by 35.5% in the second quarter, resulting in ownership of 584 shares worth $43,000 after an acquisition of 153 shares. Additionally, Bailard Inc. raised its stake by 0.4%, now managing 50,272 shares valued at $3,667,000 following a purchase of 201 more shares. Lastly, Wrapmanager Inc. reported a 2.0% increase in its holdings, obtaining a total of 11,093 shares worth around $809,000 after buying 215 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Overview

As of Thursday, shares of NYSEARCA:MDYV opened at $80.57. The ETF has a market capitalization of $2.71 billion, a price-to-earnings (PE) ratio of 14.55, and a beta of 1.11. Throughout the last year, it reached a low of $60.51 and a high of $81.94. Its moving averages currently stand at $78.83 for the fifty-day and $75.74 for the 200-day periods.

About SPDR S&P 400 Mid Cap Value ETF

The SPDR S&P 400 Mid Cap Value ETF aims to replicate the performance and characteristics of the S&P Mid Cap 400 Value Index. This index tracks mid-cap stocks in the U.S. equity market that display strong value characteristics based on several financial ratios, including book value to price ratio, earnings to price ratio, and sales to price ratio.

Additional Information

For those curious about other institutional investors' positions in the SPDR S&P 400 Mid Cap Value ETF, platforms like HoldingsChannel.com can provide the latest 13F filings and insider trades for MDYV.

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