PFG Advisors Grows Stock Position in SPDR Portfolio S&P 500 Value ETF $SPYV

PFG Advisors boosted its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,115 shares of the company’s stock after buying an additional 13,504 shares during the period. PFG Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $4,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth about $27,000. Atlantic Union Bankshares Corp purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $36,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth approximately $44,000. TFC Financial Management Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth approximately $44,000. Finally, Wagner Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth approximately $45,000.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.1%

Shares of SPYV opened at $57.98 on Tuesday. The firm has a market cap of $32.31 billion, a PE ratio of 20.50 and a beta of 0.89. The company’s fifty day moving average is $58.43 and its two-hundred day moving average is $56.68. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $44.39 and a fifty-two week high of $59.75.

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. 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.