Financial Gravity Asset Management Inc. Buys 10,123 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Financial Gravity Asset Management Inc. increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,158 shares of the company’s stock after buying an additional 10,123 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises approximately 1.9% of Financial Gravity Asset Management Inc.’s portfolio, making the stock its 16th largest position. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $10,008,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Asempa Wealth Advisors acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $945,000. ERn Financial LLC boosted its position in SPDR Portfolio S&P 500 Value ETF by 4.9% during the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock worth $38,419,000 after buying an additional 31,736 shares during the period. Fifth Third Bancorp boosted its position in SPDR Portfolio S&P 500 Value ETF by 4.8% during the 3rd quarter. Fifth Third Bancorp now owns 275,282 shares of the company’s stock worth $15,231,000 after buying an additional 12,700 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $10,928,000. Finally, TIAA Trust National Association lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 13.3% in the 3rd quarter. TIAA Trust National Association now owns 4,330,027 shares of the company’s stock worth $239,580,000 after purchasing an additional 506,795 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA SPYV opened at $61.27 on Friday. The company has a market capitalization of $34.43 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $50.82 and a 52-week high of $61.49. The company’s 50 day moving average price is $59.66 and its 200-day moving average price is $58.36.

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. 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.