Other investors added to their holdings
After the reduction, SPYV represented about 0.6% of Wealth Advisors Northwest's investment portfolio and ranked as its 25th-largest holding. Other reported transactions included purchases across the first three quarters.
Vantagepoint Investment Advisers LLC established a position worth about $263,007,000 in the third quarter. In the second quarter, The Manufacturers Life Insurance Company added 5,981,186 shares, a 1,807.9% increase, bringing its holding to 6,312,030 shares valued at $383,708,000. NorthRock Partners LLC also added shares that quarter: its purchase of 303,367 shares lifted its stake by 6.6% to 4,889,672 shares, valued at $297,243,000.
First-quarter buyers included Valmark Advisers Inc. and Cetera Investment Advisers. Valmark purchased 255,913 shares, increasing its position by 2.9% to 8,996,058 shares worth $508,997,000. Cetera added 230,152 shares, a 5.8% increase, and reported 4,205,952 shares valued at $237,973,000.
SPYV's strategy, costs and portfolio
SPYV aims to match the returns and characteristics of the S&P 500 Value Index, which measures the U.S. large-cap value equity market. The index selects S&P 500 stocks with the strongest value characteristics using book-to-price, earnings-to-price and sales-to-price ratios. The fund was formerly known as the SPDR Dow Jones Large Cap Value ETF.
Fund sponsor State Street Global Advisors lists a September 25, 2000, launch date, a 0.04% gross expense ratio and quarterly distributions for the State Street SPDR Portfolio S&P 500 Value ETF. Its assets under management totaled about $39.15 billion as of October 29, 2026.
On that date, Apple was the largest holding at 8.29%, followed by Amazon.com at 3.66% and ExxonMobil at 2.45%, according to the sponsor. Information technology accounted for 20.52% of the portfolio, financials for 15.28% and health care for 13.45%, making them its three largest sector allocations.
Trading levels and fund returns
SPYV opened Friday at $64.13, compared with a 52-week trading range of $54.44 to $64.64. Its 50-day and 200-day moving averages were $62.88 and $60.58, respectively. The reported market capitalization was $38.80 billion, with a price-to-earnings ratio of 20.50 and a beta of 0.82.
State Street Global Advisors reported a NAV total return of 8.97% for the year through September 30, 2026, and 12.43% over the preceding year. Annualized NAV total returns were 11.64% over five years and 7.83% since the fund's September 25, 2000, inception.
Value indexes across different periods
For the third quarter of 2026, spanning July 1 through September 30, CME Group reported a 0.19% price return for the S&P 500 Value Index. It trailed the S&P 500's 2.25% return by 2.06 percentage points; the S&P 500 Growth Index returned 3.94%.
An earlier comparison from State Street Investment Management used the Russell indexes and a different measurement period. As of July 21, 2026, the Russell 1000 Value Index had outperformed the Russell 1000 Growth Index by roughly 15% year-to-date. Value-oriented technology stocks had outpaced growth technology stocks by nearly 70% over that period.
State Street Investment Management also reported that the Russell 1000 Value Index traded at 17.5 times forward earnings, compared with 24.2 times for the Russell 1000 Growth Index.
