KPP Advisory Services LLC Has $2.29 Million Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

KPP Advisory Services LLC reduced its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,309 shares of the company’s stock after selling 17,826 shares during the quarter. KPP Advisory Services LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $2,289,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Williams Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 6,166.3% during the 2nd quarter. Williams Financial LLC now owns 42,988,918 shares of the company’s stock valued at $2,101,241,000 after purchasing an additional 42,302,888 shares during the period. Dynasty Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth about $152,867,000. LPL Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 7.6% in the 2nd quarter. LPL Financial LLC now owns 35,973,940 shares of the company’s stock worth $1,753,370,000 after purchasing an additional 2,535,855 shares in the last quarter. Cetera Investment Advisers lifted its stake in SPDR Portfolio S&P 500 Value ETF by 209.0% during the 1st quarter. Cetera Investment Advisers now owns 2,530,967 shares of the company’s stock valued at $126,801,000 after acquiring an additional 1,711,930 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $84,057,000.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.3 %

SPDR Portfolio S&P 500 Value ETF stock traded down $0.18 during midday trading on Friday, hitting $53.52. The stock had a trading volume of 2,220,342 shares, compared to its average volume of 2,587,882. The firm’s fifty day moving average is $52.82 and its two-hundred day moving average is $50.82. The company has a market capitalization of $23.20 billion, a PE ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $43.31 and a 52-week high of $54.61.

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.