Summit Financial LLC raised its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 403,443 shares of the company’s stock after acquiring an additional 40,798 shares during the quarter. Summit Financial LLC owned approximately 0.07% of SPDR Portfolio S&P 500 Value ETF worth $22,920,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Key Capital Management INC bought a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $25,000. Highline Wealth Partners LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 229.2% in the fourth quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock valued at $26,000 after acquiring an additional 314 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $26,000. Abich Financial Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $27,000. Finally, Triumph Capital Management bought a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $30,000.
SPDR Portfolio S&P 500 Value ETF Stock Performance
SPYV stock opened at $61.27 on Friday. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $50.82 and a fifty-two week high of $61.49. The business’s 50-day moving average is $59.66 and its two-hundred day moving average is $58.36. The company has a market cap of $34.43 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.
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. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.
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