Potentia Wealth Invests $19.43 Million in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Potentia Wealth acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 379,955 shares of the company’s stock, valued at approximately $19,431,000. SPDR Portfolio S&P 500 Value ETF comprises about 8.6% of Potentia Wealth’s portfolio, making the stock its 2nd biggest position. Potentia Wealth owned approximately 0.09% of SPDR Portfolio S&P 500 Value ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Place Capital Corp bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $31,000. Lindbrook Capital LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 224.8% in the fourth quarter. Lindbrook Capital LLC now owns 695 shares of the company’s stock valued at $36,000 after purchasing an additional 481 shares during the period. Legacy Investment Solutions LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the third quarter worth approximately $37,000. Angeles Investment Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $41,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $44,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

NYSEARCA:SPYV opened at $51.43 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $47.22 and a fifty-two week high of $55.42. The company has a market cap of $25.18 billion, a price-to-earnings ratio of 21.43 and a beta of 0.93. The stock has a fifty day moving average price of $52.07 and a 200-day moving average price of $52.56.

SPDR Portfolio S&P 500 Value ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th will be given a $0.1798 dividend. The ex-dividend date of this dividend is Monday, March 24th.

About SPDR Portfolio S&P 500 Value ETF

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.