Verdence Capital Advisors LLC Cuts Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Verdence Capital Advisors LLC lowered its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 19.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,804 shares of the company’s stock after selling 4,306 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SPYV. Wealth Enhancement Advisory Services LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 172.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,534,578 shares of the company’s stock worth $180,511,000 after buying an additional 2,237,528 shares in the last quarter. Copia Wealth Management boosted its stake in SPDR Portfolio S&P 500 Value ETF by 1.3% in the first quarter. Copia Wealth Management now owns 73,875 shares of the company’s stock worth $3,773,000 after buying an additional 961 shares in the last quarter. Lynch & Associates IN boosted its stake in SPDR Portfolio S&P 500 Value ETF by 1.4% in the first quarter. Lynch & Associates IN now owns 147,646 shares of the company’s stock worth $7,540,000 after buying an additional 2,062 shares in the last quarter. Demars Financial Group LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 7.7% in the first quarter. Demars Financial Group LLC now owns 17,380,190 shares of the company’s stock worth $887,606,000 after buying an additional 1,235,219 shares in the last quarter. Finally, Bell Bank boosted its stake in SPDR Portfolio S&P 500 Value ETF by 15.1% in the first quarter. Bell Bank now owns 1,441,969 shares of the company’s stock worth $73,641,000 after buying an additional 189,346 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV opened at $55.11 on Wednesday. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $56.03. The stock has a 50 day simple moving average of $54.58 and a two-hundred day simple moving average of $52.08. The firm has a market cap of $29.62 billion, a P/E ratio of 20.50 and a beta of 0.94.

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.