NewEdge Advisors LLC Increases Stock Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

NewEdge Advisors LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 30.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 449,013 shares of the company’s stock after acquiring an additional 105,259 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $21,885,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SPYV. Creative Planning increased its holdings in SPDR Portfolio S&P 500 Value ETF by 23.1% during 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 during the last quarter. Ascent Group LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth approximately $1,204,000. Drucker Wealth 3.0 LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth approximately $325,000. Certified Advisory Corp increased its holdings in SPDR Portfolio S&P 500 Value ETF by 4.6% during the 2nd quarter. Certified Advisory Corp now owns 61,969 shares of the company’s stock worth $3,020,000 after purchasing an additional 2,705 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth approximately $569,000.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.3 %

SPYV stock opened at $52.69 on Monday. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $39.51 and a 52-week high of $52.98. The stock’s 50 day moving average is $51.28 and its two-hundred day moving average is $49.81. The company has a market capitalization of $22.84 billion, a PE ratio of 24.09 and a beta of 0.81.

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.