Shum Financial Group Inc. Buys 1,144 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Shum Financial Group Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 52,660 shares of the company’s stock after purchasing an additional 1,144 shares during the period. SPDR Portfolio S&P 500 Value ETF makes up 2.3% of Shum Financial Group Inc.’s portfolio, making the stock its 9th largest holding. Shum Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $2,689,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Garde Capital Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at approximately $33,000. Wood Tarver Financial Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $35,000. Lindbrook Capital LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 224.8% in the 4th quarter. Lindbrook Capital LLC now owns 695 shares of the company’s stock valued at $36,000 after buying an additional 481 shares during the period. Deutsche Bank AG boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 81.3% in the fourth quarter. Deutsche Bank AG now owns 725 shares of the company’s stock valued at $37,000 after buying an additional 325 shares in the last quarter. Finally, Angeles Investment Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at approximately $41,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

NYSEARCA:SPYV opened at $51.24 on Friday. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $55.42. The stock has a fifty day moving average price of $50.07 and a two-hundred day moving average price of $51.01. The stock has a market capitalization of $26.04 billion, a price-to-earnings ratio of 20.36 and a beta of 0.88.

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.