SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Stake Increased by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6,012.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,553,951 shares of the company’s stock after purchasing an additional 1,528,528 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up about 1.1% of Independent Advisor Alliance’s investment portfolio, making the stock its 14th largest holding. Independent Advisor Alliance’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $79,469,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPYV. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock valued at $294,416,000 after acquiring an additional 286,795 shares during the period. Hobart Private Capital LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.2% during the fourth quarter. Hobart Private Capital LLC now owns 163,808 shares of the company’s stock valued at $8,377,000 after acquiring an additional 1,881 shares during the period. Wrapmanager Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.6% during the fourth quarter. Wrapmanager Inc. now owns 208,554 shares of the company’s stock valued at $10,665,000 after acquiring an additional 1,214 shares during the period. Trilogy Capital Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 10.4% during the fourth quarter. Trilogy Capital Inc. now owns 146,514 shares of the company’s stock valued at $7,493,000 after acquiring an additional 13,800 shares during the period. Finally, Certified Advisory Corp raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 4.4% during the third quarter. Certified Advisory Corp now owns 64,684 shares of the company’s stock valued at $3,419,000 after purchasing an additional 2,715 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.8 %

Shares of NYSEARCA SPYV opened at $52.03 on Monday. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $47.22 and a fifty-two week high of $55.42. The firm’s 50-day simple moving average is $52.12 and its 200 day simple moving average is $52.65. The stock has a market cap of $25.25 billion, a P/E ratio of 22.42 and a beta of 0.95.

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.