SPDR Portfolio S&P 500 Value ETF $SPYV is Gerber Kawasaki Wealth & Investment Management’s 4th Largest Position

Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 9.4% in the third quarter, Holdings Channel reports. The institutional investor owned 2,293,918 shares of the company’s stock after buying an additional 197,320 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for approximately 4.4% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 4th biggest position. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $126,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPYV. Abich Financial Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth about $36,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter valued at about $36,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $44,000. Finally, TFC Financial Management Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $44,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

NYSEARCA:SPYV opened at $57.91 on Monday. The company has a market capitalization of $32.27 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a one year low of $44.39 and a one year high of $59.75. The stock has a 50-day simple moving average of $58.42 and a 200 day simple moving average of $56.65.

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. 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.