Cornerstone National Bank & Trust Co raised its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 makes up 2.1% of Cornerstone National Bank & Trust Co’s investment portfolio, 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 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Capital Management purchased a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $27,000. Meramec Financial Planners LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the first quarter worth about $28,000. Signature Equity Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 163.2% in the 1st quarter. Signature Equity Partners LLC now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Advisortrust Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at about $29,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at about $46,000.
SPDR Portfolio S&P 500 Value ETF Stock Up 0.7%
Shares of NYSEARCA SPYV traded up $0.43 during trading hours on Tuesday, reaching $63.42. 1,306,742 shares of the stock traded hands, compared to its average volume of 2,876,875. The company’s 50-day simple moving average is $62.79 and its two-hundred day simple moving average is $61.33. The company has a market capitalization of $38.02 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $54.44 and a 52-week high of $64.26.
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.
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