Magnus Financial Group LLC Increases Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Magnus Financial Group LLC grew its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,663,931 shares of the company’s stock after buying an additional 62,333 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up 8.2% of Magnus Financial Group LLC’s portfolio, making the stock its biggest holding. Magnus Financial Group LLC owned 0.38% of SPDR Portfolio S&P 500 Value ETF worth $85,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SPYV. Sei Investments Co. raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 40.5% during the second quarter. Sei Investments Co. now owns 10,772 shares of the company’s stock valued at $525,000 after buying an additional 3,106 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 227.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth $569,000. Drucker Wealth 3.0 LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at about $325,000. Finally, Ascent Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at about $1,204,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.7 %

NYSEARCA:SPYV opened at $52.38 on Wednesday. The business’s 50-day moving average is $52.77 and its 200 day moving average is $52.07. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $46.36 and a 12 month high of $55.42. The company has a market capitalization of $22.70 billion, a P/E ratio of 24.09 and a beta of 0.81.

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.