Meritage Portfolio Management Sells 85,443 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Meritage Portfolio Management trimmed its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 27.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,607 shares of the company’s stock after selling 85,443 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 0.7% of Meritage Portfolio Management’s portfolio, making the stock its 29th largest position. Meritage Portfolio Management’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $11,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPYV. Connecticut Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter valued at about $139,839,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 172.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,534,578 shares of the company’s stock valued at $180,511,000 after acquiring an additional 2,237,528 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 25.0% during the first quarter. JPMorgan Chase & Co. now owns 6,800,995 shares of the company’s stock valued at $347,327,000 after acquiring an additional 1,360,243 shares during the last quarter. Demars Financial Group LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 7.7% during the first quarter. Demars Financial Group LLC now owns 17,380,190 shares of the company’s stock valued at $887,606,000 after acquiring an additional 1,235,219 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 32.7% during the first quarter. Dynasty Wealth Management LLC now owns 4,394,135 shares of the company’s stock valued at $224,408,000 after acquiring an additional 1,083,736 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Trading Down 2.2%

Shares of NYSEARCA:SPYV opened at $54.27 on Friday. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 20.50 and a beta of 0.94. The company has a 50-day moving average price of $54.49 and a 200-day moving average price of $52.03. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $44.39 and a 12 month high of $56.03.

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.