Founders Financial Alliance LLC Sells 4,934 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Founders Financial Alliance LLC cut its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,768 shares of the company’s stock after selling 4,934 shares during the quarter. Founders Financial Alliance LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,256,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Williams Financial LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 6,166.3% during the second 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. Envestnet Asset Management Inc. raised its position in SPDR Portfolio S&P 500 Value ETF by 202.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,117,502 shares of the company’s stock worth $611,669,000 after purchasing an additional 8,776,348 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 Value ETF during the first quarter worth about $152,867,000. LPL Financial LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 7.6% during the second quarter. LPL Financial LLC now owns 35,973,940 shares of the company’s stock valued at $1,753,370,000 after purchasing an additional 2,535,855 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 209.0% in the 1st quarter. Cetera Investment Advisers now owns 2,530,967 shares of the company’s stock valued at $126,801,000 after purchasing an additional 1,711,930 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA:SPYV opened at $52.86 on Tuesday. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The business’s fifty day moving average price is $51.33 and its two-hundred day moving average price is $49.85. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $39.51 and a fifty-two week high of $52.98.

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.