Cornerstone Advisors Asset Management LLC Increases Position in SPDR S&P 600 Small Cap Value ETF $SLYV

Cornerstone Advisors Asset Management LLC lifted its stake in SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,033 shares of the company’s stock after purchasing an additional 5,740 shares during the quarter. SPDR S&P 600 Small Cap Value ETF comprises approximately 1.0% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 23rd largest position. Cornerstone Advisors Asset Management LLC’s holdings in SPDR S&P 600 Small Cap Value ETF were worth $5,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in SPDR S&P 600 Small Cap Value ETF during the 2nd quarter valued at about $38,000. Copia Wealth Management raised its stake in SPDR S&P 600 Small Cap Value ETF by 35.3% during the 3rd quarter. Copia Wealth Management now owns 514 shares of the company’s stock worth $46,000 after acquiring an additional 134 shares during the period. Smartleaf Asset Management LLC raised its position in shares of SPDR S&P 600 Small Cap Value ETF by 22.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 809 shares of the company’s stock valued at $65,000 after purchasing an additional 150 shares during the period. Atlantic Union Bankshares Corp bought a new stake in SPDR S&P 600 Small Cap Value ETF during the second quarter valued at about $178,000. Finally, Sachetta LLC bought a new stake in SPDR S&P 600 Small Cap Value ETF during the 2nd quarter valued at approximately $179,000.

SPDR S&P 600 Small Cap Value ETF Stock Performance

Shares of NYSEARCA SLYV opened at $97.90 on Tuesday. SPDR S&P 600 Small Cap Value ETF has a 52-week low of $65.96 and a 52-week high of $100.08. The firm’s fifty day moving average is $93.98 and its two-hundred day moving average is $89.40. The company has a market cap of $4.41 billion, a P/E ratio of 14.20 and a beta of 1.08.

About SPDR S&P 600 Small Cap Value ETF

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.