Goldstone Financial Group LLC Trims Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Goldstone Financial Group LLC cut its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 206,547 shares of the company’s stock after selling 9,048 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises about 1.4% of Goldstone Financial Group LLC’s investment portfolio, making the stock its 21st largest holding. Goldstone Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $11,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 5,144.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,807,047 shares of the company’s stock worth $94,581,000 after acquiring an additional 1,772,591 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 3,960.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 989,774 shares of the company’s stock valued at $51,805,000 after purchasing an additional 965,401 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 103.6% in the 2nd quarter. Corient Private Wealth LLC now owns 1,838,839 shares of the company’s stock valued at $96,245,000 after purchasing an additional 935,644 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 26.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,456,511 shares of the company’s stock worth $237,131,000 after purchasing an additional 921,933 shares during the period. Finally, TIAA Trust National Association boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 30.6% during the second quarter. TIAA Trust National Association now owns 3,823,232 shares of the company’s stock valued at $200,108,000 after purchasing an additional 895,188 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV stock opened at $57.37 on Monday. The firm has a market cap of $31.00 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $44.39 and a 52-week high of $57.59. The company’s 50 day moving average is $56.38 and its 200 day moving average is $54.67.

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. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.