Patriot Financial Group Insurance Agency LLC Boosts Stock Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Patriot Financial Group Insurance Agency LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 128.0% in the first quarter, HoldingsChannel reports. The fund owned 28,816 shares of the company’s stock after acquiring an additional 16,175 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPYV. Financial Engines Advisors L.L.C. raised its stake in SPDR Portfolio S&P 500 Value ETF by 0.8% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock worth $4,522,086,000 after acquiring an additional 642,820 shares during the period. Morgan Stanley boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% in the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after purchasing an additional 10,778,683 shares during the period. Allworth Financial LP boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.0% in the fourth quarter. Allworth Financial LP now owns 19,695,295 shares of the company’s stock worth $1,118,890,000 after purchasing an additional 382,214 shares during the period. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.7% in the fourth quarter. Valmark Advisers Inc. now owns 8,740,145 shares of the company’s stock worth $496,528,000 after purchasing an additional 231,888 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock worth $474,565,000 after purchasing an additional 304,642 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV stock opened at $60.80 on Tuesday. The company has a market capitalization of $34.17 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a one year low of $51.97 and a one year high of $61.87. The company’s fifty day moving average price is $60.36 and its 200-day moving average price is $58.70.

SPDR Portfolio S&P 500 Value ETF 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.