Milestones Private Investment Advisors LLC Invests $2 Million in SPDR Portfolio S&P 500 Value ETF $SPYV

Milestones Private Investment Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 38,177 shares of the company’s stock, valued at approximately $1,998,000. SPDR Portfolio S&P 500 Value ETF comprises about 1.5% of Milestones Private Investment Advisors LLC’s holdings, making the stock its 24th biggest position.

Several other hedge funds also recently bought and sold shares of the business. Allworth Financial LP lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.6% during the second quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock worth $870,421,000 after purchasing an additional 422,591 shares during the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Portfolio S&P 500 Value ETF by 11.8% in the 1st quarter. Ameriprise Financial Inc. now owns 8,980,322 shares of the company’s stock worth $458,755,000 after buying an additional 949,699 shares during the period. Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 500 Value ETF by 4.1% in the 2nd quarter. Valmark Advisers Inc. now owns 8,271,615 shares of the company’s stock worth $432,936,000 after buying an additional 326,580 shares during the period. JPMorgan Chase & Co. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 5.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,191,638 shares of the company’s stock valued at $376,410,000 after buying an additional 390,643 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in SPDR Portfolio S&P 500 Value ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock valued at $339,083,000 after buying an additional 337,506 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV stock opened at $57.25 on Monday. The company has a market capitalization of $30.94 billion, a P/E ratio of 20.50 and a beta of 0.89. The company’s 50-day simple moving average is $56.01 and its two-hundred day simple moving average is $54.25. SPDR Portfolio S&P 500 Value ETF has a one year low of $44.39 and a one year high of $57.59.

SPDR Portfolio S&P 500 Value ETF 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.