SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) is Elevation Point Wealth Partners LLC’s 2nd Largest Position

Elevation Point Wealth Partners LLC cut its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,352,984 shares of the company’s stock after selling 13,891 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 5.9% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 2nd largest position. Elevation Point Wealth Partners LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $69,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPYV. Demars Financial Group LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 5,184.5% during the fourth quarter. Demars Financial Group LLC now owns 16,144,971 shares of the company’s stock worth $825,654,000 after purchasing an additional 15,839,453 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth approximately $281,432,000. Horizon Investments LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 300.5% during the fourth quarter. Horizon Investments LLC now owns 5,797,361 shares of the company’s stock worth $296,477,000 after purchasing an additional 4,349,903 shares in the last quarter. NorthRock Partners LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 167.3% during the fourth quarter. NorthRock Partners LLC now owns 4,406,510 shares of the company’s stock worth $225,349,000 after purchasing an additional 2,757,825 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 5.8% during the fourth quarter. LPL Financial LLC now owns 41,404,616 shares of the company’s stock worth $2,117,432,000 after purchasing an additional 2,253,997 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $51.23 on Friday. SPDR Portfolio S&P 500 Value ETF has a one year low of $44.39 and a one year high of $55.42. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 21.00 and a beta of 0.89. The stock has a 50 day moving average price of $49.69 and a 200 day moving average price of $51.16.

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.