SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Shares Purchased by Bridgewealth Advisory Group LLC

Bridgewealth Advisory Group LLC boosted its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,269 shares of the company’s stock after purchasing an additional 2,559 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises approximately 0.9% of Bridgewealth Advisory Group LLC’s investment portfolio, making the stock its 26th largest position. Bridgewealth Advisory Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $2,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPYV. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock worth $28,000 after acquiring an additional 404 shares during the period. Crewe Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the first quarter valued at about $29,000. Olistico Wealth LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the second quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at about $30,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at approximately $35,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV stock opened at $52.59 on Friday. The firm has a market cap of $22.79 billion, a P/E ratio of 24.09 and a beta of 0.81. The firm’s 50 day moving average price is $51.08 and its 200-day moving average price is $49.69. 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 Company 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.