SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Strong Trading Volume

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) saw unusually-strong trading volume on Wednesday . Approximately 2,785,550 shares traded hands during trading, an increase of 16% from the previous session’s volume of 2,397,038 shares.The stock last traded at $51.00 and had previously closed at $50.72.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.6 %

The firm has a 50-day simple moving average of $49.23 and a two-hundred day simple moving average of $48.38. The stock has a market cap of $21.75 billion, a P/E ratio of 24.09 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Narus Financial Partners LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.8% during the 2nd quarter. Narus Financial Partners LLC now owns 7,246 shares of the company’s stock worth $353,000 after purchasing an additional 197 shares in the last quarter. Riverpoint Wealth Management Holdings LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 0.4% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 52,373 shares of the company’s stock valued at $2,442,000 after buying an additional 217 shares during the period. Trueblood Wealth Management LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 2.5% in the 1st quarter. Trueblood Wealth Management LLC now owns 8,885 shares of the company’s stock valued at $445,000 after buying an additional 217 shares during the period. Tortoise Investment Management LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 34.3% in the 4th quarter. Tortoise Investment Management LLC now owns 900 shares of the company’s stock valued at $42,000 after buying an additional 230 shares in the last quarter. Finally, Breakwater Capital Group lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.4% during the 1st quarter. Breakwater Capital Group now owns 57,997 shares of the company’s stock worth $2,906,000 after acquiring an additional 243 shares during the period.

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.