Drive Wealth Management LLC Decreases Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Drive Wealth Management LLC lessened its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 30.6% in the third quarter, HoldingsChannel.com reports. The firm owned 17,478 shares of the company’s stock after selling 7,690 shares during the quarter. Drive Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 199.4% in the 3rd quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock worth $26,000 after buying an additional 327 shares in the last quarter. Crewe Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF during the first quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $33,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV stock opened at $53.52 on Monday. The stock’s 50 day moving average price is $52.86 and its 200 day moving average price is $50.87. The firm has a market cap of $23.20 billion, a P/E ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $43.31 and a 1 year high of $54.61.

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.