Financial Gravity Asset Management Inc. Has $7.97 Million Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Financial Gravity Asset Management Inc. raised its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,608 shares of the company’s stock after acquiring an additional 9,784 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up approximately 2.0% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 15th largest position. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $7,972,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Crewe Advisors LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at approximately $29,000. Olistico Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter worth $30,000. EdgeRock Capital LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter worth $30,000. Salem Investment Counselors Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at $35,000. Finally, Vima LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at $36,000.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.9 %

Shares of SPYV stock opened at $51.22 on Friday. The stock’s fifty day simple moving average is $50.43 and its 200 day simple moving average is $49.41. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $39.51 and a twelve month high of $52.61. The firm has a market capitalization of $22.20 billion, a P/E ratio of 24.09 and a beta of 0.81.

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.