Modern Wealth Management LLC Lowers Holdings in SPDR Portfolio S&P 500 Value ETF $SPYV

Modern Wealth Management LLC reduced its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 36.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 836,916 shares of the company’s stock after selling 469,975 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for about 1.1% of Modern Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $43,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. HRT Financial LP increased its position in SPDR Portfolio S&P 500 Value ETF by 543.3% during the second quarter. HRT Financial LP now owns 62,533 shares of the company’s stock worth $3,272,000 after purchasing an additional 52,812 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 12.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,339,077 shares of the company’s stock valued at $70,087,000 after buying an additional 149,395 shares during the period. Great Valley Advisor Group Inc. increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 545,177 shares of the company’s stock worth $28,534,000 after buying an additional 30,320 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 26.1% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 6,506 shares of the company’s stock worth $341,000 after buying an additional 1,347 shares during the period. Finally, EP Wealth Advisors LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 11.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 48,010 shares of the company’s stock worth $2,513,000 after buying an additional 4,987 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.4%

SPYV stock opened at $57.25 on Friday. The company has a market cap of $30.94 billion, a PE ratio of 20.50 and a beta of 0.89. The stock has a 50-day moving average price of $56.01 and a two-hundred day moving average price of $54.20. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $44.39 and a 12-month high of $57.59.

SPDR Portfolio S&P 500 Value ETF Company 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.