AE Wealth Management LLC Purchases 509,151 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

AE Wealth Management LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,117,992 shares of the company’s stock after purchasing an additional 509,151 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises about 1.1% of AE Wealth Management LLC’s holdings, making the stock its 13th biggest holding. AE Wealth Management LLC owned 0.58% of SPDR Portfolio S&P 500 Value ETF worth $172,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at approximately $36,000. Legacy Investment Solutions LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter valued at approximately $36,000. Steigerwald Gordon & Koch Inc. bought a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at approximately $44,000. TFC Financial Management Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $44,000. Finally, Sound Income Strategies LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 75.8% in the 2nd quarter. Sound Income Strategies LLC now owns 807 shares of the company’s stock worth $42,000 after purchasing an additional 348 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV stock opened at $57.93 on Thursday. The stock has a market capitalization of $32.18 billion, a P/E ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $44.39 and a 1-year high of $58.50. The business has a fifty day moving average price of $57.21 and a 200-day moving average price of $55.55.

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.