Cornerstone Advisors Asset Management LLC Buys 1,690 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Cornerstone Advisors Asset Management LLC increased its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,638 shares of the company’s stock after acquiring an additional 1,690 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $2,129,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPYV. LPL Financial LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 8.8% in the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock worth $2,069,502,000 after purchasing an additional 3,176,679 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter worth $84,057,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth $69,902,000. Orion Portfolio Solutions LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 1,525.1% during the third quarter. Orion Portfolio Solutions LLC now owns 1,449,664 shares of the company’s stock valued at $76,629,000 after buying an additional 1,360,461 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 5,118.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 926,973 shares of the company’s stock valued at $47,405,000 after buying an additional 909,210 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.5 %

Shares of NYSEARCA SPYV opened at $52.96 on Wednesday. The stock’s 50-day simple moving average is $52.07 and its two-hundred day simple moving average is $52.42. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $47.22 and a twelve month high of $55.42. The firm has a market capitalization of $22.95 billion, a P/E ratio of 24.09 and a beta of 0.81.

SPDR Portfolio S&P 500 Value ETF 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.