Perennial Investment Advisors LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 8.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 819,774 shares of the company’s stock after buying an additional 64,905 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 4.1% of Perennial Investment Advisors LLC’s portfolio, making the stock its 2nd biggest position. Perennial Investment Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $42,907,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Synergy Investment Management LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 15.1% during the second quarter. Synergy Investment Management LLC now owns 124,847 shares of the company’s stock valued at $6,534,000 after purchasing an additional 16,398 shares during the period. Portside Wealth Group LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 6.1% during the 2nd quarter. Portside Wealth Group LLC now owns 173,022 shares of the company’s stock valued at $9,056,000 after buying an additional 10,003 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 18.8% during the 2nd quarter. Inspire Advisors LLC now owns 84,995 shares of the company’s stock worth $4,449,000 after acquiring an additional 13,431 shares during the period. United Advisor Group LLC raised its stake in SPDR Portfolio S&P 500 Value ETF by 53.4% in the 2nd quarter. United Advisor Group LLC now owns 79,247 shares of the company’s stock valued at $4,148,000 after acquiring an additional 27,582 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in SPDR Portfolio S&P 500 Value ETF by 8.5% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 500,570 shares of the company’s stock worth $26,200,000 after purchasing an additional 39,146 shares during the period.
SPDR Portfolio S&P 500 Value ETF Stock Down 1.1%
SPDR Portfolio S&P 500 Value ETF stock opened at $55.56 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $44.39 and a 52 week high of $56.96. The stock has a market cap of $30.02 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. The business has a 50-day simple moving average of $55.46 and a 200 day simple moving average of $53.44.
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.
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