PMG Wealth Management Inc. Buys New Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

PMG Wealth Management Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,858 shares of the company’s stock, valued at approximately $555,000. SPDR Portfolio S&P 500 Value ETF makes up about 0.5% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 28th largest holding.

Several other hedge funds also recently added to or reduced their stakes in SPYV. JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock worth $294,416,000 after acquiring an additional 286,795 shares during the period. Hobart Private Capital LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.2% in the fourth quarter. Hobart Private Capital LLC now owns 163,808 shares of the company’s stock valued at $8,377,000 after purchasing an additional 1,881 shares during the period. Diversify Advisory Services LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 12.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 219,542 shares of the company’s stock valued at $11,693,000 after purchasing an additional 25,003 shares in the last quarter. Signaturefd LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 23.6% during the 3rd quarter. Signaturefd LLC now owns 5,222 shares of the company’s stock worth $276,000 after buying an additional 996 shares during the period. Finally, Trilogy Capital Inc. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 10.4% in the 4th quarter. Trilogy Capital Inc. now owns 146,514 shares of the company’s stock worth $7,493,000 after buying an additional 13,800 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $52.66 on Friday. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $47.22 and a 1-year high of $55.42. The company has a market capitalization of $22.82 billion, a PE ratio of 24.09 and a beta of 0.81. The business has a 50-day moving average of $52.05 and a 200-day moving average of $52.45.

About SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio.