Sherman Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 500 Value ETF $SPYV

Sherman Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,408 shares of the company’s stock, valued at approximately $932,000.

Other institutional investors have also modified their holdings of the company. Financial Engines Advisors L.L.C. increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.8% during the third quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock worth $4,522,086,000 after acquiring an additional 642,820 shares during the period. Allworth Financial LP boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 16.1% in the third quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock valued at $1,068,593,000 after purchasing an additional 2,682,951 shares during the period. Ameriprise Financial Inc. grew its stake in SPDR Portfolio S&P 500 Value ETF by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock worth $474,565,000 after purchasing an additional 304,642 shares in the last quarter. Valmark Advisers Inc. increased its holdings in SPDR Portfolio S&P 500 Value ETF by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock worth $470,762,000 after purchasing an additional 236,642 shares during the period. Finally, JPMorgan Chase & Co. raised its position in SPDR Portfolio S&P 500 Value ETF by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,456,598 shares of the company’s stock valued at $412,574,000 after purchasing an additional 264,960 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $55.59 on Monday. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $59.75. The stock has a market capitalization of $30.98 billion, a PE ratio of 20.50 and a beta of 0.89. The stock has a 50-day simple moving average of $58.13 and a 200-day simple moving average of $56.89.

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.