Wrapmanager Inc. Has $10.96 Million Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Wrapmanager Inc. increased its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,340 shares of the company’s stock after purchasing an additional 7,138 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 2.8% of Wrapmanager Inc.’s holdings, making the stock its 7th biggest position. Wrapmanager Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $10,960,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co lifted its stake in SPDR Portfolio S&P 500 Value ETF by 199.4% during the third 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. Crewe Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 227.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter worth $33,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV stock opened at $53.76 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $43.58 and a fifty-two week high of $54.61. The stock’s 50-day moving average is $52.86 and its two-hundred day moving average is $50.90. The firm has a market cap of $23.30 billion, a P/E ratio of 24.09 and a beta of 0.81.

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.