ORG Wealth Partners LLC Acquires $33,000 in SPDR Portfolio S&P 500 Value ETF

On October 16, 2024, ORG Wealth Partners LLC announced its acquisition of a new position in the SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV). According to their recent filing with the Securities and Exchange Commission (SEC), the company purchased 624 shares of the ETF, amounting to an investment of approximately $33,000.

ORG Wealth Partners is not alone in its interest in SPYV. In the recent past, numerous hedge funds and institutional investors have also engaged in buying and selling shares of this ETF. For instance, Kayne Anderson Rudnick Investment Management LLC significantly increased its stake by 227.0% during the second quarter of the year, adding 404 shares to its holdings to reach a total of 582 shares, which are now valued at around $28,000. Other firms, such as Crewe Advisors LLC and Olistico Wealth LLC, have also made new investments in SPYV, with reported stakes worth approximately $29,000 and $30,000, respectively. Additionally, EdgeRock Capital LLC and Salem Investment Counselors Inc. have entered the market with investments valued at $30,000 and $35,000 respectively.

Market Performance of SPDR Portfolio S&P 500 Value ETF

As of Wednesday, SPDR Portfolio S&P 500 Value ETF shares opened at $53.40. The ETF's recent performance can be analyzed through its fifty-day simple moving average, which stands at $51.90, and the 200-day simple moving average at $50.12. The fund boasts a market capitalization of $23.14 billion, a price-to-earnings ratio of 24.09, and a beta of 0.81, indicating a relatively stable performance compared to the broader market. Over the past year, SPYV has demonstrated volatility, with a fifty-two week low of $39.51 and a high of $53.87.

About SPDR Portfolio S&P 500 Value ETF

The SPDR Portfolio S&P 500 Value ETF aims to closely track the returns and properties of the S&P 500 Value Index. This index reflects the performance of large-capitalization value stocks within the U.S. equity market, which are identified based on their strong value characteristics, including metrics like book value to price ratio, earnings to price ratio, and sales to price ratio.

Further Reading and Resources

For those interested in understanding more about the investment landscape, there are several articles that may provide additional insights. Topics include evaluations of stocks, market movements indicated by major earnings news, and potential investment strategies in various sectors.

investment, ETF, SPYV