Kovack Advisors Inc. Increases Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Kovack Advisors Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 7.0% during the 1st quarter, Holdings Channel reports. The firm owned 7,258 shares of the company’s stock after buying an additional 474 shares during the period. Kovack Advisors Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $364,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at approximately $28,000. EdgeRock Capital LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at approximately $29,000. Sunbelt Securities Inc. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 165.5% in the third quarter. Sunbelt Securities Inc. now owns 855 shares of the company’s stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new stake in SPDR Portfolio S&P 500 Value ETF in the first quarter valued at approximately $35,000.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.1 %

Shares of NYSEARCA:SPYV opened at $48.64 on Friday. The firm’s 50 day moving average price is $48.99 and its 200 day moving average price is $48.16. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $39.51 and a fifty-two week high of $50.20.

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.