Meritage Portfolio Management Grows Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Meritage Portfolio Management grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 129.1% in the 4th quarter, Holdings Channel reports. The fund owned 539,194 shares of the company’s stock after buying an additional 303,892 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for 1.7% of Meritage Portfolio Management’s investment portfolio, making the stock its 6th largest holding. Meritage Portfolio Management’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $25,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rodgers & Associates LTD boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 6.8% during the 3rd quarter. Rodgers & Associates LTD now owns 482,166 shares of the company’s stock valued at $19,894,000 after acquiring an additional 30,561 shares in the last quarter. Private Trust Co. NA boosted its position in SPDR Portfolio S&P 500 Value ETF by 21.1% during the 3rd quarter. Private Trust Co. NA now owns 71,629 shares of the company’s stock worth $2,955,000 after buying an additional 12,492 shares during the period. Strategic Blueprint LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 3.9% during the 3rd quarter. Strategic Blueprint LLC now owns 8,054 shares of the company’s stock worth $332,000 after acquiring an additional 300 shares during the last quarter. Capital Advisory Group Advisory Services LLC increased its position in SPDR Portfolio S&P 500 Value ETF by 16.3% in the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 47,785 shares of the company’s stock valued at $1,972,000 after acquiring an additional 6,713 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 63.0% during the third quarter. Pinnacle Bancorp Inc. now owns 4,945 shares of the company’s stock worth $204,000 after purchasing an additional 1,911 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV traded down $0.03 during mid-day trading on Friday, reaching $48.39. 1,125,393 shares of the company were exchanged, compared to its average volume of 2,644,054. The stock has a market capitalization of $20.74 billion, a PE ratio of 23.06 and a beta of 0.88. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $39.51 and a 52 week high of $50.20. The business has a 50 day simple moving average of $48.63 and a two-hundred day simple moving average of $46.00.

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.