Phoenix Wealth Advisors Grows Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Phoenix Wealth Advisors boosted its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,490 shares of the company’s stock after buying an additional 11,963 shares during the period. SPDR Portfolio S&P 500 Value ETF makes up approximately 2.1% of Phoenix Wealth Advisors’ portfolio, making the stock its 9th biggest position. Phoenix Wealth Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $4,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPYV. Sei Investments Co. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 40.5% during the second quarter. Sei Investments Co. now owns 10,772 shares of the company’s stock worth $525,000 after buying an additional 3,106 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock worth $28,000 after acquiring an additional 404 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter valued at about $569,000. Drucker Wealth 3.0 LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF during the 2nd quarter valued at about $325,000. Finally, Ascent Group LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter worth approximately $1,204,000.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.7 %

SPYV stock opened at $52.38 on Wednesday. The firm has a market capitalization of $22.70 billion, a PE ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $46.36 and a twelve month high of $55.42. The stock’s 50 day moving average is $52.77 and its 200-day moving average is $52.07.

SPDR Portfolio S&P 500 Value ETF Company 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.