MassMutual Private Wealth & Trust FSB Takes New Position in SPDR Portfolio S&P 500 Value ETF

MassMutual Private Wealth & Trust FSB has recently revealed its acquisition of a new position in the SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the fourth quarter. This information was disclosed in their latest filing with the Securities and Exchange Commission (SEC). The investment firm purchased 864 shares of SPYV, amounting to an approximate value of $44,000.

In addition to MassMutual, several other institutional investors have adjusted their holdings in the SPDR Portfolio S&P 500 Value ETF. For instance, LPL Financial LLC increased its stake by 8.8% in the third quarter, owning 39,150,619 shares now valued at about $2.07 billion after adding 3,176,679 shares in the quarter. Similarly, Allworth Financial LP's stake grew by 2.3%, bringing their total to 20,300,686 shares, which are worth roughly $1.07 billion after purchasing an additional 461,035 shares. Valmark Advisers Inc. also expanded its holdings by 1.9%, owning 7,491,869 shares valued at $396 million after acquiring 140,498 shares. Furthermore, JPMorgan Chase & Co. increased its holdings by 5.4%, owning 5,569,723 shares valued at around $294 million, after purchasing an extra 286,795 shares. Lastly, Advisory Alpha LLC raised its stake by 13.2%, now holding 4,388,367 shares valued at about $214 million after acquiring 512,054 shares.

SPDR Portfolio S&P 500 Value ETF Performance

As of the most recent trading session, SPDR Portfolio S&P 500 Value ETF shares opened at $52.56. The ETF has experienced a 12-month low of $46.42 and a high of $55.42. Its 50-day and 200-day simple moving averages stand at $52.67 and $52.13, respectively. The ETF has a market capitalization of $22.78 billion, a price-to-earnings ratio of 24.09, and a beta of 0.81, indicating its volatility in relation to the overall market.

Overview of SPDR Portfolio S&P 500 Value ETF

The SPDR Portfolio S&P 500 Value ETF aims to replicate the investment results of the S&P 500 Value Index. This index reflects the performance of large-cap value stocks in the U.S. equity market. Stocks included in this index are selected based on strong value indicators, such as the ratio of book value to market price, earnings to price ratio, and sales to price ratio.

investment, ETF, MassMutual