Financial Solutions Advisory Group Inc. Takes $479,000 Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Financial Solutions Advisory Group Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,460 shares of the company’s stock, valued at approximately $479,000.

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

SPDR Portfolio S&P 500 Value ETF Trading Down 0.2%

Shares of NYSEARCA:SPYV opened at $62.06 on Friday. The stock’s 50-day moving average price is $61.31 and its two-hundred day moving average price is $59.45. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $51.97 and a 12-month high of $62.91. The firm has a market cap of $36.18 billion, a price-to-earnings 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.