Sherman Wealth Management LLC Invests $904,000 in SPDR Portfolio S&P 500 Value ETF $SPYV

Sherman Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,345 shares of the company’s stock, valued at approximately $904,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $27,000. Triumph Capital Management bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $44,000. TFC Financial Management Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter valued at approximately $44,000. Finally, Wagner Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter valued at approximately $45,000.

SPDR Portfolio S&P 500 Value ETF Trading Down 1.2%

Shares of SPYV opened at $55.59 on Friday. The stock has a 50 day moving average of $58.13 and a 200 day moving average of $56.85. The company has a market capitalization of $30.98 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $44.39 and a 12 month high of $59.75.

SPDR Portfolio S&P 500 Value ETF Company 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.