Merit Financial Group LLC cut its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,401 shares of the company’s stock after selling 19,978 shares during the period. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $10,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 4.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 191,510 shares of the company’s stock worth $11,642,000 after purchasing an additional 8,341 shares during the period. HBW Advisory Services LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 16.1% during the 2nd quarter. HBW Advisory Services LLC now owns 13,486 shares of the company’s stock valued at $820,000 after buying an additional 1,869 shares during the period. Courier Capital LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 8.3% during the 2nd quarter. Courier Capital LLC now owns 849,798 shares of the company’s stock valued at $51,659,000 after buying an additional 65,352 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,831,310 shares of the company’s stock worth $174,777,000 after buying an additional 11,522 shares during the last quarter. Finally, XY Planning Network Inc. bought a new stake in SPDR Portfolio S&P 500 Value ETF in the second quarter worth $528,000.
SPDR Portfolio S&P 500 Value ETF Stock Up 0.1%
SPYV stock opened at $63.35 on Thursday. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $53.75 and a twelve month high of $63.46. The stock has a market capitalization of $36.93 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The firm’s fifty day simple moving average is $61.64 and its two-hundred day simple moving average is $59.74.
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. 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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