Retirement Planning Group LLC Cuts Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Retirement Planning Group LLC cut its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 336,095 shares of the company’s stock after selling 9,867 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for 0.6% of Retirement Planning Group LLC’s investment portfolio, making the stock its 26th largest holding. Retirement Planning Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $18,596,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fiduciary Advisors Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth about $26,000. Tompkins Financial Corp lifted its stake in SPDR Portfolio S&P 500 Value ETF by 4,681.8% during the second quarter. Tompkins Financial Corp now owns 526 shares of the company’s stock worth $28,000 after purchasing an additional 515 shares during the last quarter. Parallel Advisors LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 63,900.0% in the second quarter. Parallel Advisors LLC now owns 640 shares of the company’s stock valued at $33,000 after purchasing an additional 639 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $36,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the second quarter worth approximately $36,000.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.2%

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $58.04 on Wednesday. The company has a fifty day simple moving average of $56.74 and a 200-day simple moving average of $55.18. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $44.39 and a 12-month high of $58.30.

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. 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.