Cornerstone Wealth Group LLC Acquires 10,675 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Cornerstone Wealth Group LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 42.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,553 shares of the company’s stock after buying an additional 10,675 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,967,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in SPDR Portfolio S&P 500 Value ETF by 2.6% in the second quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock worth $870,421,000 after acquiring an additional 422,591 shares during the period. Valmark Advisers Inc. increased its position in SPDR Portfolio S&P 500 Value ETF by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock valued at $470,762,000 after purchasing an additional 236,642 shares during the period. JPMorgan Chase & Co. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 5.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,191,638 shares of the company’s stock worth $376,410,000 after purchasing an additional 390,643 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock worth $339,083,000 after purchasing an additional 337,506 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock worth $304,674,000 after purchasing an additional 80,477 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA SPYV opened at $57.24 on Wednesday. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $58.50. The stock has a market capitalization of $31.81 billion, a P/E ratio of 20.50 and a beta of 0.89. The company’s 50-day moving average is $56.95 and its 200 day moving average is $55.36.

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.