Gateway Wealth Partners LLC Has $5.08 Million Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Gateway Wealth Partners LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 20.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,265 shares of the company’s stock after acquiring an additional 17,750 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises approximately 1.5% of Gateway Wealth Partners LLC’s investment portfolio, making the stock its 11th largest holding. Gateway Wealth Partners LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $5,082,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 227.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares during the last quarter. Olistico Wealth LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth about $30,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $35,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPDR Portfolio S&P 500 Value ETF stock opened at $52.69 on Monday. The stock has a 50-day simple moving average of $51.28 and a 200 day simple moving average of $49.81. The stock has a market capitalization of $22.84 billion, a P/E ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $39.51 and a 52 week high of $52.98.

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.