Founders Financial Securities LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 5.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,380,276 shares of the company’s stock after acquiring an additional 75,234 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for approximately 4.6% of Founders Financial Securities LLC’s portfolio, making the stock its 2nd largest position. Founders Financial Securities LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $78,413,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Asempa Wealth Advisors bought a new stake in SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $945,000. ERn Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 4.9% in the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock valued at $38,419,000 after purchasing an additional 31,736 shares during the period. Slagle Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 30.0% in the 3rd quarter. Slagle Financial LLC now owns 42,654 shares of the company’s stock valued at $2,360,000 after purchasing an additional 9,831 shares during the period. Fifth Third Bancorp grew its position in SPDR Portfolio S&P 500 Value ETF by 4.8% during the third quarter. Fifth Third Bancorp now owns 275,282 shares of the company’s stock worth $15,231,000 after buying an additional 12,700 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the third quarter worth approximately $10,928,000.
SPDR Portfolio S&P 500 Value ETF Price Performance
Shares of NYSEARCA:SPYV opened at $61.05 on Friday. The company has a market capitalization of $34.31 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $50.27 and a 1 year high of $61.33. The business’s 50 day simple moving average is $58.74 and its 200 day simple moving average is $58.01.
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.
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