ETF Spotlight on the SPDR S&P 500 Value ETF (NYSEArca: SPYV), part of an ongoing series.
Assets: $185.2 million
Objective: The SPDR S&P 500 Value ETF tries to reflect the performance of the S&P 500 Value Index, which is comprised of large-cap stocks taken from the S&P 500 index that exhibit the strongest value characteristics.
Holdings: Top holdings include Exxon Mobil (NYSE: XOM) 5.3%, General Electric (NYSE: GE) 3.3%, Chevron (NYSE: CVX) 2.9%, Wells Fargo (NYSE: WFC) 2.9% and Berkshire Hathaway Class B (NYSE: BRK-B)2.8%.
What You Should Know:
- State Street Global Advisors sponsors the fund.
- SPYV has a 0.20% expense ratio.
- The ETF has 339 holdings and the top ten make up 27.4% of the overall portfolio.
- Sector allocations include financials 23.4%, energy 15.4%, consumer staples 11.1%, health care 10.5%, information technology 9.7%, industrials 9.4%, consumer discretionary 7.1%, utilities 6.2%, telecom services 3.7% and materials 3.5%.
- SPYV has a 2.06% 12-month yield.
- The fund is up 2.0% over the past month, up 3.1% year-to-date and up 20.4% over the past year.
- The ETF is trading 5.9% above its 200-day exponential moving average.
- The ETF tracks stocks based on book value to price ratio, earnings to price ratio and sales to price ratio.
- Due to its value tilt, SPYV has a heavier tilt toward financials, energy and consumer staples stocks, compared to the S&P 500 Index.
- Additionally, SPYV underweights information technology and consumer discretionary names.
- SPYV’s stock portfolio has a lower 14.8 P/E ratio, compared to the S&P 500 Index’s 16.6 P/E ratio.
Next page: The latest news
The Latest News:
- U.S. stocks weakened Friday on mixed earnings results and increased selling in growth and internet stocks, according to the Wall Street Journal.
- “It’s specific to the high-valuation, high-growth names, where there’s just a massive overhead supply that seems to have not yet exhausted itself,” Ian Winer, director of equity trading at Wedbush Securities, said in the article.
- Nevertheless, asset managers remain positive on equities as a group on a steadily improving corporate profits and strengthening economic indicators.
- There’s enough support for the S&P 500 to not really worry about a major setback, but that said, it’s not that compelling either,” Wayne Lin, a portfolio manager at Legg Mason, said in the article.
- Additionally, the escalating tension in Ukraine has set some investors on edge.
- “The situation in Ukraine creates uncertainty for markets and traders are probably taking some risk off the table going into the weekend,” Jerry Webman, chief economist at OppenheimerFunds, said in a MarketWatch article.
SPDR S&P 500 Value ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.