Independent Wealth Network Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 135,497 shares of the company’s stock after acquiring an additional 5,665 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 2.8% of Independent Wealth Network Inc.’s holdings, making the stock its 5th biggest position. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $6,929,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of SPYV. CENTRAL TRUST Co raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 199.4% in the 3rd quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock valued at $26,000 after buying an additional 327 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after buying an additional 404 shares in the last quarter. Park Place Capital Corp acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at approximately $33,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at approximately $37,000.
SPDR Portfolio S&P 500 Value ETF Trading Down 0.1 %
Shares of NYSEARCA:SPYV opened at $52.32 on Thursday. The firm has a 50 day moving average of $52.74 and a 200-day moving average of $52.10. The stock has a market capitalization of $22.68 billion, a PE ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $46.36 and a 12 month high of $55.42.
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.
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