Power Wealth Management LLC Increases Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Power Wealth Management LLC grew its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 281,112 shares of the company’s stock after buying an additional 8,652 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 6.0% of Power Wealth Management LLC’s holdings, making the stock its 4th biggest position. Power Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $17,089,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Montz Harcus Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 12.3% during the second quarter. Montz Harcus Wealth Management LLC now owns 4,885 shares of the company’s stock worth $297,000 after acquiring an additional 535 shares during the period. Beacon Capital Management LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 16.5% in the 2nd quarter. Beacon Capital Management LLC now owns 15,486 shares of the company’s stock valued at $941,000 after acquiring an additional 2,196 shares in the last quarter. Greenspring Advisors LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 1.6% in the 2nd quarter. Greenspring Advisors LLC now owns 15,229 shares of the company’s stock worth $926,000 after purchasing an additional 241 shares during the period. Continuum Advisory LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth $159,000. Finally, Coppell Advisory Solutions LLC bought a new position in SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth about $2,267,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV opened at $63.86 on Friday. The business’s 50-day moving average price is $62.50 and its two-hundred day moving average price is $60.29. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $53.94 and a 1 year high of $64.26. The company has a market capitalization of $37.23 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

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.