SPDR Portfolio S&P 500 Value ETF $SPYV Stake Cut by Stone Summit Wealth LLC

Stone Summit Wealth LLC cut its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 21.5% in the third quarter, HoldingsChannel reports. The fund owned 136,816 shares of the company’s stock after selling 37,543 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 2.1% of Stone Summit Wealth LLC’s portfolio, making the stock its 11th biggest holding. Stone Summit Wealth LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $7,570,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.6% during the second quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock worth $870,421,000 after purchasing an additional 422,591 shares during the period. Valmark Advisers Inc. lifted its position in SPDR Portfolio S&P 500 Value ETF by 4.1% in the 2nd quarter. Valmark Advisers Inc. now owns 8,271,615 shares of the company’s stock worth $432,936,000 after buying an additional 326,580 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SPDR Portfolio S&P 500 Value ETF by 5.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,191,638 shares of the company’s stock worth $376,410,000 after buying an additional 390,643 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock valued at $339,083,000 after acquiring an additional 337,506 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% in the second quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock worth $304,674,000 after acquiring an additional 80,477 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.3%

Shares of NYSEARCA:SPYV opened at $56.96 on Monday. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $57.59. The business has a fifty day simple moving average of $56.49 and a 200 day simple moving average of $54.87.

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. 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.