Meritage Portfolio Management Purchases 4,129 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Meritage Portfolio Management lifted its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 227,655 shares of the company’s stock after buying an additional 4,129 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 0.7% of Meritage Portfolio Management’s portfolio, making the stock its 27th largest holding. Meritage Portfolio Management owned about 0.05% of SPDR Portfolio S&P 500 Value ETF worth $12,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 199.4% in the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the period. Crewe Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the first quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock worth $28,000 after acquiring an additional 404 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth $30,000. Finally, ORG Wealth Partners LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth $33,000.

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

NYSEARCA:SPYV traded up $0.34 during trading hours on Friday, hitting $54.14. 1,627,123 shares of the stock traded hands, compared to its average volume of 2,606,364. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $41.80 and a 1 year high of $54.28. The stock has a 50 day moving average price of $52.67 and a 200 day moving average price of $50.68.

SPDR Portfolio S&P 500 Value ETF Company 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.