Modern Wealth Management LLC Purchases 529,800 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Modern Wealth Management LLC grew its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 70.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,280,932 shares of the company’s stock after acquiring an additional 529,800 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises approximately 2.4% of Modern Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Modern Wealth Management LLC owned approximately 0.30% of SPDR Portfolio S&P 500 Value ETF worth $66,980,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First National Bank of Omaha boosted its position in SPDR Portfolio S&P 500 Value ETF by 1.4% during the third quarter. First National Bank of Omaha now owns 13,456 shares of the company’s stock worth $711,000 after purchasing an additional 187 shares in the last quarter. KM Capital Management Ltd. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.9% during the 4th quarter. KM Capital Management Ltd. now owns 5,068 shares of the company’s stock worth $259,000 after buying an additional 192 shares during the period. Mcdonald Partners LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 1.7% during the 4th quarter. Mcdonald Partners LLC now owns 12,733 shares of the company’s stock valued at $651,000 after buying an additional 208 shares in the last quarter. WealthPlan Investment Management LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 3.8% in the 4th quarter. WealthPlan Investment Management LLC now owns 5,897 shares of the company’s stock worth $302,000 after acquiring an additional 217 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 1.3% during the fourth quarter. Waldron Private Wealth LLC now owns 17,922 shares of the company’s stock worth $917,000 after acquiring an additional 229 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.8 %

SPYV opened at $51.43 on Tuesday. The firm’s fifty day simple moving average is $52.07 and its two-hundred day simple moving average is $52.56. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $47.22 and a 52-week high of $55.42. The company has a market cap of $25.18 billion, a price-to-earnings ratio of 21.43 and a beta of 0.93.

SPDR Portfolio S&P 500 Value ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be issued a $0.1798 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.