SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Stock Position Increased by Sterling Group Wealth Management LLC

Sterling Group Wealth Management LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 185,383 shares of the company’s stock after buying an additional 4,480 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for approximately 4.9% of Sterling Group Wealth Management LLC’s holdings, making the stock its 6th biggest position. Sterling Group Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $9,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPYV. Sei Investments Co. grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 40.5% during the 2nd quarter. Sei Investments Co. now owns 10,772 shares of the company’s stock valued at $525,000 after purchasing an additional 3,106 shares during the period. Drucker Wealth 3.0 LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth $325,000. Ascent Group LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter valued at $1,204,000. Creative Planning increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 23.1% in the 2nd quarter. Creative Planning now owns 82,888 shares of the company’s stock worth $4,040,000 after purchasing an additional 15,541 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 30.6% in the 2nd quarter. NewEdge Advisors LLC now owns 449,013 shares of the company’s stock worth $21,885,000 after purchasing an additional 105,259 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.6 %

Shares of SPYV opened at $52.65 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $46.36 and a 52 week high of $55.42. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The business has a 50-day simple moving average of $52.71 and a two-hundred day simple moving average of $52.10.

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.