LPL Financial LLC Has $1.75 Billion Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

LPL Financial LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,973,940 shares of the company’s stock after purchasing an additional 2,535,855 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up about 0.9% of LPL Financial LLC’s portfolio, making the stock its 18th largest holding. LPL Financial LLC owned about 8.30% of SPDR Portfolio S&P 500 Value ETF worth $1,753,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPYV. Williams Financial LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 6,166.3% during the 2nd quarter. Williams Financial LLC now owns 42,988,918 shares of the company’s stock worth $2,101,241,000 after buying an additional 42,302,888 shares during the period. Allworth Financial LP lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 4.6% in the first quarter. Allworth Financial LP now owns 19,403,272 shares of the company’s stock worth $972,104,000 after acquiring an additional 846,517 shares during the period. Envestnet Asset Management Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 202.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,117,502 shares of the company’s stock valued at $611,669,000 after acquiring an additional 8,776,348 shares during the last quarter. UBS Group AG increased its position in SPDR Portfolio S&P 500 Value ETF by 7.3% during the 4th quarter. UBS Group AG now owns 6,520,757 shares of the company’s stock valued at $304,063,000 after purchasing an additional 442,720 shares during the period. Finally, CWM LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 13.3% during the 1st quarter. CWM LLC now owns 4,920,831 shares of the company’s stock worth $246,534,000 after purchasing an additional 576,063 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.2 %

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $51.67 on Wednesday. The company has a market cap of $22.39 billion, a P/E ratio of 24.09 and a beta of 0.81. The business has a 50-day moving average price of $50.56 and a two-hundred day moving average price of $49.47. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $39.51 and a 1-year high of $52.61.

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.