Kovack Advisors Inc. Raises Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Kovack Advisors Inc. raised its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,784 shares of the company’s stock after buying an additional 705 shares during the period. Kovack Advisors Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Red Tortoise LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 0.4% during the 3rd quarter. Red Tortoise LLC now owns 68,424 shares of the company’s stock valued at $2,823,000 after buying an additional 243 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in SPDR Portfolio S&P 500 Value ETF by 1.9% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 13,399 shares of the company’s stock valued at $625,000 after buying an additional 251 shares during the period. TAP Consulting LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 0.6% during the 3rd quarter. TAP Consulting LLC now owns 42,097 shares of the company’s stock valued at $1,737,000 after acquiring an additional 261 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.6% during the 3rd quarter. Advisors Capital Management LLC now owns 18,608 shares of the company’s stock worth $768,000 after acquiring an additional 291 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.5% in the third quarter. Ausdal Financial Partners Inc. now owns 57,695 shares of the company’s stock worth $2,380,000 after acquiring an additional 315 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV stock opened at $48.53 on Tuesday. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 23.25 and a beta of 0.84. SPDR Portfolio S&P 500 Value ETF has a one year low of $39.51 and a one year high of $50.20. The company has a 50 day moving average price of $48.66 and a 200 day moving average price of $46.16.

SPDR Portfolio S&P 500 Value ETF 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.