SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) is Western Wealth Management LLC’s 8th Largest Position

Western Wealth Management LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 536,053 shares of the company’s stock after acquiring an additional 32,996 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for approximately 1.8% of Western Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Western Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $27,376,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Garde Capital Inc. bought a new position in SPDR Portfolio S&P 500 Value ETF in the first quarter worth about $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 raised its position 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 worth $36,000 after acquiring an additional 481 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 81.3% in the 4th quarter. Deutsche Bank AG now owns 725 shares of the company’s stock valued at $37,000 after purchasing an additional 325 shares during the period. Finally, Angeles Investment Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at approximately $41,000.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.3%

Shares of SPYV stock opened at $51.64 on Thursday. The business’s fifty day moving average is $50.29 and its 200 day moving average is $50.97. The stock has a market cap of $26.24 billion, a price-to-earnings ratio of 20.36 and a beta of 0.88. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $44.39 and a twelve 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.