Cornerstone Wealth Group LLC Raises Stock Holdings in SPDR Portfolio S&P 500 Value ETF $SPYV

Cornerstone Wealth Group LLC boosted its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 42.9% in the third quarter, Holdings Channel.com reports. The firm owned 35,553 shares of the company’s stock after buying an additional 10,675 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,967,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SPYV. Brandywine Oak Private Wealth LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 0.4% in the third quarter. Brandywine Oak Private Wealth LLC now owns 521,906 shares of the company’s stock worth $28,877,000 after acquiring an additional 2,069 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in SPDR Portfolio S&P 500 Value ETF by 22.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 44,282 shares of the company’s stock valued at $2,499,000 after purchasing an additional 8,195 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $57,000. Sage Mountain Advisors LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 5.0% in the third quarter. Sage Mountain Advisors LLC now owns 8,248 shares of the company’s stock worth $456,000 after buying an additional 394 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 13.0% in the third quarter. Dynasty Wealth Management LLC now owns 4,732,922 shares of the company’s stock worth $261,873,000 after buying an additional 543,699 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 1.6%

NYSEARCA:SPYV opened at $57.24 on Wednesday. The company’s 50 day moving average price is $56.95 and its 200-day moving average price is $55.36. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $44.39 and a 52 week high of $58.50. The stock has a market cap of $31.81 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89.

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.