JNBA Financial Advisors Cuts Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

JNBA Financial Advisors decreased its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,839 shares of the company’s stock after selling 10,229 shares during the period. SPDR Portfolio S&P 500 Value ETF makes up approximately 0.8% of JNBA Financial Advisors’ holdings, making the stock its 25th biggest position. JNBA Financial Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $8,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 107.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 154,015 shares of the company’s stock worth $8,141,000 after purchasing an additional 79,890 shares in the last quarter. Centennial Wealth Advisory LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 133.7% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 212,633 shares of the company’s stock valued at $11,240,000 after acquiring an additional 121,638 shares during the period. Maia Wealth LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 58.9% in the third quarter. Maia Wealth LLC now owns 16,146 shares of the company’s stock worth $856,000 after acquiring an additional 5,982 shares during the period. Leslie Global Wealth LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 3.5% during the third quarter. Leslie Global Wealth LLC now owns 357,393 shares of the company’s stock valued at $18,892,000 after purchasing an additional 12,209 shares during the period. Finally, 1834 Investment Advisors Co. grew its position in SPDR Portfolio S&P 500 Value ETF by 19.7% in the 3rd quarter. 1834 Investment Advisors Co. now owns 327,451 shares of the company’s stock worth $17,309,000 after purchasing an additional 53,966 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPDR Portfolio S&P 500 Value ETF stock traded up $0.92 during mid-day trading on Wednesday, reaching $53.58. 757,614 shares of the stock traded hands, compared to its average volume of 2,609,566. The stock has a market capitalization of $23.22 billion, a PE ratio of 24.09 and a beta of 0.81. The business’s 50-day moving average is $52.56 and its 200-day moving average is $50.58. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $41.80 and a 12-month high of $54.03.

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.