SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) is Founders Financial Securities LLC’s 2nd Largest Position

Founders Financial Securities LLC trimmed its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 21.5% in the 1st quarter, HoldingsChannel reports. The firm owned 698,083 shares of the company’s stock after selling 190,853 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up about 3.7% of Founders Financial Securities LLC’s portfolio, making the stock its 2nd biggest position. Founders Financial Securities LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $34,974,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio S&P 500 Value ETF by 202.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,117,502 shares of the company’s stock worth $611,669,000 after acquiring an additional 8,776,348 shares in the last quarter. Quotient Wealth Partners LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth about $109,990,000. Financial Gravity Asset Management Inc. lifted its stake in SPDR Portfolio S&P 500 Value ETF by 2,334.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,877,647 shares of the company’s stock worth $77,472,000 after acquiring an additional 1,800,505 shares in the last quarter. First National Trust Co lifted its stake in SPDR Portfolio S&P 500 Value ETF by 159.5% in the 4th quarter. First National Trust Co now owns 2,299,997 shares of the company’s stock worth $107,249,000 after acquiring an additional 1,413,786 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 2,377.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,345,651 shares of the company’s stock worth $63,165,000 after acquiring an additional 1,291,334 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPDR Portfolio S&P 500 Value ETF stock traded up $0.01 during mid-day trading on Friday, hitting $48.74. The company’s stock had a trading volume of 2,440,587 shares, compared to its average volume of 2,451,876. The firm’s 50 day moving average is $48.98 and its 200 day moving average is $48.10. The company has a market cap of $21.12 billion, a PE ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $39.51 and a 52-week high of $50.20.

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.