JNBA Financial Advisors Has $4.06 Million Position in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

JNBA Financial Advisors grew its stake in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) by 14.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,095 shares of the company’s stock after purchasing an additional 10,189 shares during the period. SPDR S&P 400 Mid Cap Value ETF comprises approximately 0.8% of JNBA Financial Advisors’ investment portfolio, making the stock its 27th largest position. JNBA Financial Advisors owned 0.27% of SPDR S&P 400 Mid Cap Value ETF worth $4,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 83.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 10,876,045 shares of the company’s stock valued at $571,533,000 after buying an additional 4,949,298 shares during the last quarter. Financial Advisory Service Inc. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 1.9% in the 2nd quarter. Financial Advisory Service Inc. now owns 562,140 shares of the company’s stock valued at $28,877,000 after buying an additional 10,212 shares during the last quarter. McMahon Financial Advisors LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 20.3% in the 1st quarter. McMahon Financial Advisors LLC now owns 274,113 shares of the company’s stock valued at $13,810,000 after buying an additional 46,220 shares during the last quarter. Cardan Capital Partners LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 3.8% in the 2nd quarter. Cardan Capital Partners LLC now owns 260,897 shares of the company’s stock valued at $13,402,000 after buying an additional 9,458 shares during the last quarter. Finally, McAdam LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 8.4% in the 1st quarter. McAdam LLC now owns 208,017 shares of the company’s stock valued at $10,479,000 after buying an additional 16,044 shares during the last quarter.

Shares of NYSEARCA MDYV opened at $48.74 on Tuesday. The firm has a 50 day simple moving average of $51.16. SPDR S&P 400 Mid Cap Value ETF has a 1 year low of $41.72 and a 1 year high of $54.94.

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.

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Institutional Ownership by Quarter for SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)

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