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

Merit Financial Group LLC grew its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 481,340 shares of the company’s stock after buying an additional 66,819 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 0.7% of Merit Financial Group LLC’s portfolio, making the stock its 25th largest holding. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $22,445,000 as of its most recent filing with the SEC.

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

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA SPYV traded up $0.25 during midday trading on Friday, hitting $48.37. 2,757,962 shares of the company’s stock were exchanged, compared to its average volume of 2,642,535. The company 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 twelve month low of $39.51 and a twelve month high of $50.20. The firm’s fifty day simple moving average is $48.68 and its 200-day simple moving average is $46.28.

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.