Phoenix Wealth Advisors Cuts Holdings in SPDR Portfolio S&P 500 Value ETF $SPYV

Phoenix Wealth Advisors lowered its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 10.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,808 shares of the company’s stock after selling 11,402 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises approximately 2.0% of Phoenix Wealth Advisors’ investment portfolio, making the stock its 11th biggest position. Phoenix Wealth Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $5,190,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fiduciary Advisors Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth about $26,000. Tompkins Financial Corp grew its holdings in SPDR Portfolio S&P 500 Value ETF by 4,681.8% in the second quarter. Tompkins Financial Corp now owns 526 shares of the company’s stock valued at $28,000 after purchasing an additional 515 shares during the period. Parallel Advisors LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 63,900.0% in the second quarter. Parallel Advisors LLC now owns 640 shares of the company’s stock valued at $33,000 after buying an additional 639 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $36,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth approximately $36,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA:SPYV opened at $58.18 on Friday. The business’s 50 day moving average price is $56.90 and its 200-day moving average price is $55.26. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $58.50. The firm has a market capitalization of $32.37 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89.

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. 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.