BIP Wealth LLC Buys 25,551 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

BIP Wealth LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 4.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 611,737 shares of the company’s stock after purchasing an additional 25,551 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up approximately 2.2% of BIP Wealth LLC’s investment portfolio, making the stock its 9th largest holding. BIP Wealth LLC owned approximately 0.14% of SPDR Portfolio S&P 500 Value ETF worth $32,328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPYV. Prospera Financial Services Inc grew its holdings in SPDR Portfolio S&P 500 Value ETF by 847.0% during the 3rd quarter. Prospera Financial Services Inc now owns 538,683 shares of the company’s stock worth $28,475,000 after acquiring an additional 481,801 shares during the period. Vertex Planning Partners LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.8% during the 3rd quarter. Vertex Planning Partners LLC now owns 53,533 shares of the company’s stock valued at $2,830,000 after purchasing an additional 423 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $4,234,000. CAP Partners LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 5.1% during the third quarter. CAP Partners LLC now owns 19,697 shares of the company’s stock worth $1,041,000 after purchasing an additional 964 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 7.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 15,829 shares of the company’s stock worth $837,000 after purchasing an additional 1,125 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $53.76 on Tuesday. The firm has a market cap of $23.30 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 $43.58 and a 52-week high of $54.61. The business’s 50 day moving average price is $52.86 and its two-hundred day moving average price is $50.90.

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.