Financial Management Network Inc. Acquires Shares of 4,810 SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Financial Management Network Inc. bought a new position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,810 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in SPDR Portfolio S&P 500 Value ETF by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,955 shares of the company’s stock worth $464,000 after purchasing an additional 543 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth about $82,000. Vicus Capital grew its position in SPDR Portfolio S&P 500 Value ETF by 7.4% during the first quarter. Vicus Capital now owns 555,330 shares of the company’s stock valued at $27,822,000 after buying an additional 38,482 shares during the period. Private Ocean LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 32.1% during the first quarter. Private Ocean LLC now owns 1,685 shares of the company’s stock worth $84,000 after buying an additional 409 shares during the last quarter. Finally, Symphony Financial Ltd. Co. raised its position in SPDR Portfolio S&P 500 Value ETF by 13.4% in the first quarter. Symphony Financial Ltd. Co. now owns 219,523 shares of the company’s stock worth $10,998,000 after acquiring an additional 25,984 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV traded up $0.14 during midday trading on Friday, reaching $53.18. The company had a trading volume of 174,923 shares, compared to its average volume of 2,546,447. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $39.51 and a 12-month high of $53.93. The business has a 50-day moving average price of $52.40 and a two-hundred day moving average price of $50.30. The stock has a market cap of $23.05 billion, a PE ratio of 24.09 and a beta of 0.81.

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.