Synovus Financial Corp Takes Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Synovus Financial Corp bought a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 7,370 shares of the company’s stock, valued at approximately $390,000.

Several other institutional investors also recently bought and sold shares of SPYV. CENTRAL TRUST Co boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 199.4% during the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock valued at $26,000 after purchasing an additional 327 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 227.0% in 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. EdgeRock Capital LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $33,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter worth about $37,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV stock opened at $51.29 on Thursday. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $45.64 and a fifty-two week high of $55.42. The firm has a market cap of $22.23 billion, a P/E ratio of 24.09 and a beta of 0.81. The business’s 50 day moving average price is $53.60 and its 200-day moving average price is $51.66.

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.