Summit Investment Advisory Services LLC Acquires 511 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Summit Investment Advisory Services LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,027 shares of the company’s stock after buying an additional 511 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 0.5% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 28th biggest holding. Summit Investment Advisory Services LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $747,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Red Tortoise LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.4% in the third quarter. Red Tortoise LLC now owns 68,424 shares of the company’s stock worth $2,823,000 after buying an additional 243 shares in the last quarter. Atlas Capital Advisors LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 36.5% during the second quarter. Atlas Capital Advisors LLC now owns 935 shares of the company’s stock valued at $40,000 after purchasing an additional 250 shares during the period. TAP Consulting LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 0.6% during the third quarter. TAP Consulting LLC now owns 42,097 shares of the company’s stock valued at $1,737,000 after purchasing an additional 261 shares during the period. Seaside Wealth Management Inc. raised its position in SPDR Portfolio S&P 500 Value ETF by 0.6% during the third quarter. Seaside Wealth Management Inc. now owns 50,128 shares of the company’s stock valued at $2,068,000 after purchasing an additional 288 shares during the period. Finally, Advisors Capital Management LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 1.6% during the third quarter. Advisors Capital Management LLC now owns 18,608 shares of the company’s stock valued at $768,000 after purchasing an additional 291 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV stock traded up $0.20 during midday trading on Friday, reaching $50.10. 2,645,541 shares of the company traded hands, compared to its average volume of 2,751,738. The business has a 50 day moving average of $47.95 and a 200-day moving average of $45.08. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $39.51 and a 52-week high of $50.20. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 13.69 and a beta of 0.94.

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.