Power Wealth Management LLC Buys New Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Power Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 69,392 shares of the company’s stock, valued at approximately $3,236,000. SPDR Portfolio S&P 500 Value ETF makes up approximately 2.2% of Power Wealth Management LLC’s holdings, making the stock its 13th largest holding.

Other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $28,000. Sunbelt Securities Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 165.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 855 shares of the company’s stock valued at $35,000 after buying an additional 533 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 377.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 931 shares of the company’s stock worth $38,000 after buying an additional 736 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 52.5% in the third quarter. First Horizon Advisors Inc. now owns 999 shares of the company’s stock worth $41,000 after buying an additional 344 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

NYSEARCA SPYV traded up $0.25 on Friday, reaching $48.37. 2,758,145 shares of the company’s stock traded hands, compared to its average volume of 2,642,535. The stock has a market cap of $20.84 billion, a PE ratio of 23.25 and a beta of 0.84. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $39.51 and a 12 month high of $50.20. The stock has a 50-day simple moving average of $48.68 and a 200 day simple moving average of $46.31.

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.