Riversedge Advisors LLC Has $26.66 Million Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Riversedge Advisors LLC lowered its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 481,870 shares of the company’s stock after selling 21,833 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for 4.5% of Riversedge Advisors LLC’s holdings, making the stock its 6th biggest position. Riversedge Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $26,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF during the second quarter worth $26,000. Tompkins Financial Corp grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 4,681.8% in the 2nd quarter. Tompkins Financial Corp now owns 526 shares of the company’s stock valued at $28,000 after acquiring an additional 515 shares during the period. Flaharty Asset Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $32,000. Parallel Advisors LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 63,900.0% during the 2nd quarter. Parallel Advisors LLC now owns 640 shares of the company’s stock worth $33,000 after purchasing an additional 639 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter valued at about $36,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:SPYV opened at $56.88 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $44.39 and a 52-week high of $57.59. The company has a market capitalization of $30.74 billion, a P/E ratio of 20.50 and a beta of 0.89. The company has a 50-day simple moving average of $56.10 and a 200 day simple moving average of $54.37.

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.