Cornerstone National Bank & Trust Co Buys 9,746 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Cornerstone National Bank & Trust Co raised its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 107,852 shares of the company’s stock after acquiring an additional 9,746 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 2.1% of Cornerstone National Bank & Trust Co’s holdings, making the stock its 15th largest position. Cornerstone National Bank & Trust Co’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $6,605,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% in the first quarter. Valmark Advisers Inc. now owns 8,996,058 shares of the company’s stock worth $508,997,000 after buying an additional 255,913 shares during the period. The Manufacturers Life Insurance Company boosted its position in SPDR Portfolio S&P 500 Value ETF by 1,807.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock valued at $383,708,000 after buying an additional 5,981,186 shares during the period. NorthRock Partners LLC boosted its position in SPDR Portfolio S&P 500 Value ETF by 6.6% during the 2nd quarter. NorthRock Partners LLC now owns 4,889,672 shares of the company’s stock valued at $297,243,000 after buying an additional 303,367 shares during the period. Cetera Investment Advisers grew its holdings in SPDR Portfolio S&P 500 Value ETF by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 4,205,952 shares of the company’s stock worth $237,973,000 after acquiring an additional 230,152 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 0.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,831,310 shares of the company’s stock worth $174,777,000 after acquiring an additional 11,522 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.7%

Shares of SPYV stock traded up $0.43 during mid-day trading on Tuesday, reaching $63.42. The stock had a trading volume of 1,306,742 shares, compared to its average volume of 2,876,875. The stock’s 50-day moving average price is $62.79 and its two-hundred day moving average price is $61.33. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $54.44 and a 52-week high of $64.26. The firm has a market capitalization of $38.02 billion, a PE ratio of 20.50 and a beta of 0.82.

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. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.