Truist Financial Corp Raises Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Truist Financial Corp raised its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,902 shares of the company’s stock after purchasing an additional 34,440 shares during the period. Truist Financial Corp’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $11,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SPYV. BKM Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 165.5% in the third quarter. Sunbelt Securities Inc. now owns 855 shares of the company’s stock valued at $35,000 after purchasing an additional 533 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 377.4% in the third quarter. Aptus Capital Advisors LLC now owns 931 shares of the company’s stock valued at $38,000 after purchasing an additional 736 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 999 shares of the company’s stock worth $41,000 after purchasing an additional 344 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

NYSEARCA SPYV opened at $47.86 on Thursday. The firm’s fifty day moving average price is $48.67 and its 200 day moving average price is $46.22. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 23.25 and a beta of 0.84. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $39.51 and a 12 month high of $50.20.

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.