Balanced Wealth Group LLC Raises Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Balanced Wealth Group LLC increased its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.6% in the first quarter, Holdings Channel reports. The firm owned 811,411 shares of the company’s stock after purchasing an additional 20,847 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 16.4% of Balanced Wealth Group LLC’s holdings, making the stock its biggest holding. Balanced Wealth Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $45,815,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 13.9% in the 1st quarter. AQR Capital Management LLC now owns 65,816 shares of the company’s stock valued at $3,361,000 after acquiring an additional 8,012 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 330.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,202 shares of the company’s stock valued at $272,000 after acquiring an additional 3,994 shares in the last quarter. Marshall Wace LLP bought a new position in SPDR Portfolio S&P 500 Value ETF during the second quarter worth $3,008,000. Qube Research & Technologies Ltd lifted its stake 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 purchasing an additional 2,394 shares during the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new position in SPDR Portfolio S&P 500 Value ETF in the second quarter worth $295,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV stock opened at $60.80 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $51.97 and a 1-year high of $61.87. The firm has a fifty day moving average price of $60.36 and a two-hundred day moving average price of $58.70. The firm has a market cap of $34.17 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

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.