Independent Wealth Network Inc. decreased its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 40.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,734 shares of the company’s stock after selling 61,298 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for about 1.5% of Independent Wealth Network Inc.’s portfolio, making the stock its 10th largest holding. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $5,134,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Empirical Asset Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.5% in the fourth quarter. Empirical Asset Management LLC now owns 12,628 shares of the company’s stock valued at $717,000 after buying an additional 183 shares during the period. Fiduciary Group LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 3.8% in the 3rd quarter. Fiduciary Group LLC now owns 5,070 shares of the company’s stock valued at $281,000 after acquiring an additional 185 shares in the last quarter. Principle Wealth Partners LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 4.2% in the 4th quarter. Principle Wealth Partners LLC now owns 4,725 shares of the company’s stock valued at $268,000 after acquiring an additional 191 shares in the last quarter. Note Advisors LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.9% during the 3rd quarter. Note Advisors LLC now owns 4,145 shares of the company’s stock valued at $229,000 after acquiring an additional 195 shares during the period. Finally, PMG Wealth Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.8% during the 1st quarter. PMG Wealth Management Inc. now owns 11,068 shares of the company’s stock worth $626,000 after purchasing an additional 201 shares in the last quarter.
SPDR Portfolio S&P 500 Value ETF Stock Performance
Shares of NYSEARCA SPYV opened at $60.55 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $51.70 and a 52 week high of $61.87. The stock has a market capitalization of $34.03 billion, a P/E ratio of 20.50 and a beta of 0.82. The stock’s fifty day moving average is $60.27 and its 200 day moving average is $58.65.
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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