Connecticut Wealth Management LLC Increases Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Connecticut Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,654,368 shares of the company’s stock after purchasing an additional 200,519 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for about 9.0% of Connecticut Wealth Management LLC’s portfolio, making the stock its 2nd biggest position. Connecticut Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $207,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Founders Financial Alliance LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 4.4% in the fourth quarter. Founders Financial Alliance LLC now owns 43,449 shares of the company’s stock worth $2,468,000 after acquiring an additional 1,842 shares in the last quarter. RKL Wealth Management LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 2.7% in the fourth quarter. RKL Wealth Management LLC now owns 16,626 shares of the company’s stock worth $945,000 after acquiring an additional 433 shares in the last quarter. Oath Planning LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth approximately $243,000. Great Valley Advisor Group Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 568,762 shares of the company’s stock worth $32,311,000 after acquiring an additional 13,011 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 30.4% in the fourth quarter. Kovack Advisors Inc. now owns 12,303 shares of the company’s stock worth $704,000 after acquiring an additional 2,871 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:SPYV opened at $60.85 on Friday. The business’s 50 day simple moving average is $59.57 and its two-hundred day simple moving average is $58.34. The firm has a market cap of $34.19 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $50.82 and a 52-week high of $61.49.

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.