Encompass More Asset Management Makes New Investment in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Encompass More Asset Management bought a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,123 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 199.4% in the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares in the last quarter. Park Place Capital Corp purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $31,000. ORG Wealth Partners LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $33,000. Legacy Investment Solutions LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $37,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth about $44,000.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.2 %

NYSEARCA:SPYV opened at $52.56 on Friday. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The company’s 50 day moving average price is $52.67 and its 200-day moving average price is $52.13. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $46.42 and a 52 week high of $55.42.

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.