Summit Financial LLC Raises Stock Holdings in SPDR Portfolio S&P 500 Value ETF $SPYV

Summit Financial LLC grew its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 11.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 403,443 shares of the company’s stock after buying an additional 40,798 shares during the period. Summit Financial LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $22,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPYV. Key Capital Management INC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth about $25,000. Highline Wealth Partners LLC increased its position in SPDR Portfolio S&P 500 Value ETF by 229.2% in the fourth quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after buying an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth about $26,000. Abich Financial Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter worth about $27,000. Finally, Triumph Capital Management purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter worth about $30,000.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.7%

Shares of SPYV opened at $61.27 on Friday. The business has a 50-day simple moving average of $59.66 and a two-hundred day simple moving average of $58.36. The stock has a market cap of $34.43 billion, a price-to-earnings 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.

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. 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.