Pennington Partners & CO. LLC Buys 8,561 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Pennington Partners & CO. LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 150.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,263 shares of the company’s stock after buying an additional 8,561 shares during the quarter. Pennington Partners & CO. LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% during the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after acquiring an additional 10,778,683 shares during the last quarter. Valpey Financial Services LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the fourth quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock valued at $121,193,000 after acquiring an additional 2,097,544 shares during the last quarter. Royal Bank of Canada boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 38.5% in the fourth quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock valued at $341,112,000 after acquiring an additional 1,670,152 shares during the last quarter. Wellington Management Group LLP acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at approximately $68,850,000. Finally, 71 West Capital Partners bought a new position in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $59,561,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA SPYV opened at $61.39 on Friday. The company’s 50 day moving average price is $61.09 and its 200-day moving average price is $59.27. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $51.97 and a 52-week high of $62.55. The company has a market capitalization of $35.76 billion, a P/E ratio of 20.50 and a beta of 0.82.

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.