SPDR Small Cap Value ETF Allocation Increased

By on August 23, 2019

SPDR Small Cap Value ETFA widespread sell-off in global equities offered an opportunity to increase the position size in the SPDR Small Cap Value ETF (SLYV).

The small cash balance available in the SMA portfolio was used to increase the allocation to SLYV from 3.2% to 3.3%. Ameritrade generously allows commission free trading in many ETFs including SLYV.

Today’s sell-off was instigated by trade war related bluster by President Trump. I’m finding many small and mid-cap economically sensitive issues at bargain prices in this environment. The oil & gas, chemical, furniture, paper & packaging, automotive manufacturer/parts, financial services, and retailing industry are riddled with enticing undervalued issues. A recession could certainly alter this assessment.

SLYV was purchased at $57.01 and closed the trading session at $56.66.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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