Balanced Wealth Group LLC Has $74.05 Million Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Balanced Wealth Group LLC decreased its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,519,183 shares of the company’s stock after selling 18,569 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises approximately 18.3% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Balanced Wealth Group LLC owned approximately 0.35% of SPDR Portfolio S&P 500 Value ETF worth $74,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 13.4% during the 4th quarter. BNP Paribas Financial Markets now owns 36,300 shares of the company’s stock worth $1,693,000 after buying an additional 4,300 shares during the period. Brown Advisory Inc. grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 13,895 shares of the company’s stock valued at $648,000 after purchasing an additional 590 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,955 shares of the company’s stock valued at $464,000 after purchasing an additional 543 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,229,380 shares of the company’s stock worth $57,326,000 after purchasing an additional 23,391 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $247,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA SPYV opened at $52.59 on Friday. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The stock’s fifty day moving average price is $51.08 and its two-hundred day moving average price is $49.68. SPDR Portfolio S&P 500 Value ETF has a one year low of $39.51 and a one year high of $52.92.

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.