Merit Financial Group LLC Sells 19,978 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Merit Financial Group LLC lowered its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 10.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 179,401 shares of the company’s stock after selling 19,978 shares during the period. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $10,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPYV. AQR Capital Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 13.9% in the first quarter. AQR Capital Management LLC now owns 65,816 shares of the company’s stock valued at $3,361,000 after purchasing an additional 8,012 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in SPDR Portfolio S&P 500 Value ETF by 330.6% during the second quarter. Russell Investments Group Ltd. now owns 5,202 shares of the company’s stock worth $272,000 after buying an additional 3,994 shares in the last quarter. Marshall Wace LLP bought a new stake in SPDR Portfolio S&P 500 Value ETF during the second quarter worth $3,008,000. Qube Research & Technologies Ltd raised its position in SPDR Portfolio S&P 500 Value ETF by 28.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,800 shares of the company’s stock valued at $565,000 after buying an additional 2,394 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter valued at $295,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.1%

Shares of NYSEARCA:SPYV opened at $63.35 on Thursday. The stock’s fifty day simple moving average is $61.64 and its two-hundred day simple moving average is $59.74. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $53.75 and a 1-year high of $63.46. The stock has a market cap of $36.93 billion, a PE ratio of 20.50 and a beta of 0.82.

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.