GRIMES & Co WEALTH MANAGEMENT LLC Makes New $772,000 Investment in SPDR Portfolio S&P 500 Value ETF $SPYV

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, Holdings Channel reports. The firm purchased 12,627 shares of the company’s stock, valued at approximately $772,000.

Other large investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth about $26,000. Foresight Capital Management Advisors Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $26,000. Davis Capital Management bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $27,000. Signature Equity Partners LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 163.2% during the 1st quarter. Signature Equity Partners LLC now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 310 shares in the last quarter. Finally, Advisortrust Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at about $29,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 2.1%

Shares of NYSEARCA SPYV opened at $65.14 on Thursday. The stock’s 50-day moving average is $62.93 and its 200 day moving average is $60.67. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $54.44 and a 1-year high of $65.21.

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. 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.