PNC Financial Services Group Inc. Acquires 37,574 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

PNC Financial Services Group Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 124.4% in the first quarter, HoldingsChannel.com reports. The fund owned 67,772 shares of the company’s stock after acquiring an additional 37,574 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $3,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. ERn Financial LLC grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.9% during the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock valued at $38,419,000 after acquiring an additional 31,736 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 7.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 278,065 shares of the company’s stock worth $15,797,000 after purchasing an additional 18,366 shares during the period. OLD National Bancorp IN lifted its stake in SPDR Portfolio S&P 500 Value ETF by 2.2% in the fourth quarter. OLD National Bancorp IN now owns 1,661,688 shares of the company’s stock valued at $94,400,000 after purchasing an additional 36,118 shares during the last quarter. Cobblestone Asset Management LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 44.0% in the fourth quarter. Cobblestone Asset Management LLC now owns 243,084 shares of the company’s stock valued at $13,810,000 after purchasing an additional 74,268 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 24.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 434,810 shares of the company’s stock valued at $24,702,000 after purchasing an additional 84,646 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.5%

Shares of NYSEARCA SPYV opened at $62.24 on Tuesday. The stock has a fifty day simple moving average of $61.17 and a two-hundred day simple moving average of $59.34. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $51.97 and a 1-year high of $62.55. The firm has a market cap of $36.20 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

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.