Synergy Investment Management LLC Has $8.04 Million Stock Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Synergy Investment Management LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 16.3% in the 3rd quarter, Holdings Channel reports. The firm owned 145,226 shares of the company’s stock after acquiring an additional 20,379 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for approximately 3.1% of Synergy Investment Management LLC’s portfolio, making the stock its 8th largest position. Synergy Investment Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $8,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP increased its stake in SPDR Portfolio S&P 500 Value ETF by 2.6% during the 2nd quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock valued at $870,421,000 after purchasing an additional 422,591 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% in the third quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock worth $470,762,000 after acquiring an additional 236,642 shares during the period. JPMorgan Chase & Co. increased its position in SPDR Portfolio S&P 500 Value ETF by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 7,456,598 shares of the company’s stock worth $412,574,000 after purchasing an additional 264,960 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock valued at $339,083,000 after acquiring an additional 337,506 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% in the second quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock valued at $304,674,000 after acquiring an additional 80,477 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.4%

NYSEARCA:SPYV opened at $59.20 on Thursday. The company has a market cap of $32.99 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. The stock has a fifty day simple moving average of $57.96 and a 200-day simple moving average of $56.16. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $44.39 and a twelve month high of $59.75.

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. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.