Private Advisor Group LLC Cuts Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Private Advisor Group LLC decreased its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,881,083 shares of the company’s stock after selling 43,971 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 0.8% of Private Advisor Group LLC’s portfolio, making the stock its 18th largest holding. Private Advisor Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $159,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in SPDR Portfolio S&P 500 Value ETF by 2.6% in the second quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock valued at $870,421,000 after purchasing an additional 422,591 shares during the period. Valmark Advisers Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 2.9% in the 3rd quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock valued at $470,762,000 after purchasing an additional 236,642 shares in the last quarter. JPMorgan Chase & Co. increased its position in SPDR Portfolio S&P 500 Value ETF by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,456,598 shares of the company’s stock worth $412,574,000 after purchasing an additional 264,960 shares during the period. Bank of America Corp DE increased its position in SPDR Portfolio S&P 500 Value ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock worth $339,083,000 after purchasing an additional 337,506 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock worth $304,674,000 after buying an additional 80,477 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV opened at $57.91 on Monday. The business has a 50 day simple moving average of $58.42 and a 200-day simple moving average of $56.65. The stock has a market capitalization of $32.27 billion, a P/E ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $44.39 and a 12 month high of $59.75.

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.