SPDR Portfolio S&P 500 Value ETF $SPYV Position Increased by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,401,339 shares of the company’s stock after purchasing an additional 28,862 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 6.9% of N.E.W. Advisory Services LLC’s holdings, making the stock its 2nd biggest position. N.E.W. Advisory Services LLC owned approximately 0.26% of SPDR Portfolio S&P 500 Value ETF worth $77,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.6% in the 2nd quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock valued at $870,421,000 after acquiring an additional 422,591 shares during the period. Valmark Advisers Inc. grew its stake in SPDR Portfolio S&P 500 Value ETF by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock valued at $470,762,000 after purchasing an additional 236,642 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.7% in the second quarter. JPMorgan Chase & Co. now owns 7,191,638 shares of the company’s stock valued at $376,410,000 after purchasing an additional 390,643 shares during the period. Bank of America Corp DE raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5.5% in the second quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock worth $339,083,000 after purchasing an additional 337,506 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% during the second quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock worth $304,674,000 after purchasing an additional 80,477 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.1%

Shares of NYSEARCA:SPYV opened at $58.17 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $44.39 and a twelve month high of $58.30. The company’s 50 day moving average is $56.69 and its 200 day moving average is $55.13. The company has a market cap of $32.37 billion, a PE ratio of 20.50 and a beta of 0.89.

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.