Cvfg LLC Takes $4.17 Million Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Cvfg LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 73,620 shares of the company’s stock, valued at approximately $4,165,000.

Other hedge funds have also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. lifted its position in SPDR Portfolio S&P 500 Value ETF by 0.8% during the third quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock valued at $4,522,086,000 after buying an additional 642,820 shares in the last quarter. Morgan Stanley increased 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 acquiring an additional 10,778,683 shares in the last quarter. Allworth Financial LP increased 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 acquiring an additional 382,214 shares in the last quarter. Valmark Advisers Inc. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.7% in the 4th quarter. Valmark Advisers Inc. now owns 8,740,145 shares of the company’s stock valued at $496,528,000 after acquiring an additional 231,888 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock valued at $474,565,000 after acquiring an additional 304,642 shares during the period.

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

NYSEARCA:SPYV opened at $61.80 on Wednesday. The firm’s fifty day simple moving average is $60.65 and its 200 day simple moving average is $58.89. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $51.97 and a twelve month high of $62.19. The firm has a market capitalization of $35.89 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.