RKL Wealth Management LLC Takes $236,000 Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

RKL Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 4,459 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Investments Inc boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 315.0% during the third quarter. Atria Investments Inc now owns 152,059 shares of the company’s stock valued at $8,038,000 after acquiring an additional 115,415 shares during the period. Demars Financial Group LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 3.1% in the third quarter. Demars Financial Group LLC now owns 305,518 shares of the company’s stock worth $16,150,000 after purchasing an additional 9,248 shares during the period. SilverOak Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 2.4% in the third quarter. SilverOak Wealth Management LLC now owns 314,976 shares of the company’s stock worth $16,650,000 after purchasing an additional 7,412 shares during the period. Verdence Capital Advisors LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 16.7% in the third quarter. Verdence Capital Advisors LLC now owns 38,946 shares of the company’s stock worth $2,059,000 after purchasing an additional 5,572 shares during the period. Finally, SpiderRock Advisors LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 168.4% in the third quarter. SpiderRock Advisors LLC now owns 26,841 shares of the company’s stock worth $1,419,000 after purchasing an additional 16,841 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.6 %

SPYV stock opened at $54.14 on Friday. The company has a market capitalization of $23.46 billion, a P/E ratio of 24.09 and a beta of 0.81. The company has a 50-day simple moving average of $52.67 and a 200 day simple moving average of $50.68. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $41.80 and a fifty-two week high of $54.28.

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.