PMG Wealth Management Inc. Invests $555,000 in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

PMG Wealth Management Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,858 shares of the company’s stock, valued at approximately $555,000. SPDR Portfolio S&P 500 Value ETF makes up approximately 0.5% of PMG Wealth Management Inc.’s portfolio, making the stock its 28th largest holding.

Several other large investors have also recently added to or reduced their stakes in SPYV. First National Bank of Omaha lifted its stake in SPDR Portfolio S&P 500 Value ETF by 1.4% in the third quarter. First National Bank of Omaha now owns 13,456 shares of the company’s stock valued at $711,000 after buying an additional 187 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 18.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,324 shares of the company’s stock worth $70,000 after acquiring an additional 202 shares during the period. Mcdonald Partners LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 1.7% in the 4th quarter. Mcdonald Partners LLC now owns 12,733 shares of the company’s stock valued at $651,000 after purchasing an additional 208 shares during the last quarter. WealthPlan Investment Management LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 3.8% during the 4th quarter. WealthPlan Investment Management LLC now owns 5,897 shares of the company’s stock valued at $302,000 after purchasing an additional 217 shares during the period. Finally, Waldron Private Wealth LLC grew its position in SPDR Portfolio S&P 500 Value ETF by 1.3% in the 4th quarter. Waldron Private Wealth LLC now owns 17,922 shares of the company’s stock worth $917,000 after purchasing an additional 229 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV opened at $52.66 on Friday. The stock’s 50 day moving average price is $52.05 and its 200 day moving average price is $52.45. The stock has a market cap of $22.82 billion, a P/E ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $47.22 and a 12 month high of $55.42.

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.