Shum Financial Group Inc. Invests $2.15 Million in SPDR S&P 400 Mid Cap Value ETF $MDYV

Shum Financial Group Inc. acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 25,764 shares of the company’s stock, valued at approximately $2,149,000. SPDR S&P 400 Mid Cap Value ETF accounts for about 1.6% of Shum Financial Group Inc.’s investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AE Wealth Management LLC grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.0% during the second quarter. AE Wealth Management LLC now owns 569,021 shares of the company’s stock worth $45,197,000 after acquiring an additional 10,978 shares during the last quarter. Balanced Wealth Group LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7.5% during the second quarter. Balanced Wealth Group LLC now owns 152,171 shares of the company’s stock valued at $12,212,000 after buying an additional 10,619 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 1st quarter valued at $541,000. Burney Co. raised its stake in SPDR S&P 400 Mid Cap Value ETF by 286.9% in the 3rd quarter. Burney Co. now owns 10,005 shares of the company’s stock worth $835,000 after acquiring an additional 7,419 shares during the last quarter. Finally, Bill Few Associates Inc. raised its stake in SPDR S&P 400 Mid Cap Value ETF by 153.7% in the 2nd quarter. Bill Few Associates Inc. now owns 29,109 shares of the company’s stock worth $2,312,000 after acquiring an additional 17,636 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

SPDR S&P 400 Mid Cap Value ETF stock opened at $85.48 on Wednesday. The business’s 50-day simple moving average is $83.92 and its two-hundred day simple moving average is $82.71. The company has a market cap of $2.44 billion, a PE ratio of 15.85 and a beta of 1.05. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $65.86 and a fifty-two week high of $87.49.

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.