Higgins & Schmidt Wealth Strategies LLC Has $36.20 Million Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Higgins & Schmidt Wealth Strategies LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 639,848 shares of the company’s stock after buying an additional 23,483 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises about 16.5% of Higgins & Schmidt Wealth Strategies LLC’s investment portfolio, making the stock its biggest holding. Higgins & Schmidt Wealth Strategies LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $36,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% in the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after acquiring an additional 10,778,683 shares during the last quarter. Allworth Financial LP raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 16.1% in the 3rd quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock worth $1,068,593,000 after purchasing an additional 2,682,951 shares during the last quarter. Valpey Financial Services LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock worth $121,193,000 after purchasing an additional 2,097,544 shares during the last quarter. Royal Bank of Canada boosted its stake in SPDR Portfolio S&P 500 Value ETF by 38.5% in the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock worth $341,112,000 after purchasing an additional 1,670,152 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth about $68,850,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV stock opened at $60.60 on Thursday. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a one year low of $51.49 and a one year high of $61.87. The company’s 50-day moving average is $60.23 and its 200 day moving average is $58.62.

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.