Shum Financial Group Inc. Takes Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Shum Financial Group Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, Holdings Channel reports. The fund bought 56,376 shares of the company’s stock, valued at approximately $3,119,000. SPDR Portfolio S&P 500 Value ETF comprises 2.3% of Shum Financial Group Inc.’s portfolio, making the stock its 12th largest position.

Several other institutional investors also recently modified their holdings of the stock. Fiduciary Advisors Inc. purchased a new position in SPDR Portfolio S&P 500 Value ETF in the second quarter worth $26,000. Tompkins Financial Corp raised its position in SPDR Portfolio S&P 500 Value ETF by 4,681.8% during the second quarter. Tompkins Financial Corp now owns 526 shares of the company’s stock valued at $28,000 after purchasing an additional 515 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the first quarter worth about $32,000. Parallel Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 63,900.0% in the 2nd quarter. Parallel Advisors LLC now owns 640 shares of the company’s stock worth $33,000 after purchasing an additional 639 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth about $36,000.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.1%

Shares of NYSEARCA SPYV opened at $57.20 on Wednesday. The stock’s 50-day moving average is $56.43 and its 200 day moving average is $54.75. The stock has a market cap of $30.91 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $44.39 and a 1-year high of $57.59.

SPDR Portfolio S&P 500 Value ETF Profile

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. The selection universe for the S&P 500 Index includes all 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 Capital Market with market capitalizations of $3.5 billion or more.