Brand Asset Management Group Inc. Makes New Investment in SPDR Portfolio S&P 500 Value ETF $SPYV

Brand Asset Management Group Inc. acquired a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,658 shares of the company’s stock, valued at approximately $590,000.

A number of other hedge funds have also modified their holdings of SPYV. Abich Financial Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in SPDR Portfolio S&P 500 Value ETF in the second quarter valued at $36,000. Legacy Investment Solutions LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at about $36,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $44,000. Finally, TFC Financial Management Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $44,000.

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

Shares of SPYV stock opened at $59.50 on Friday. The stock’s 50-day moving average price is $58.26 and its 200 day moving average price is $56.45. The stock has a market capitalization of $33.16 billion, a PE ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $44.39 and a 52-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.