Diligent Investors LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 215,176 shares of the company’s stock, valued at approximately $13,154,000. SPDR Portfolio S&P 500 Value ETF comprises 2.8% of Diligent Investors LLC’s holdings, making the stock its 4th largest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1,807.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock worth $383,708,000 after buying an additional 5,981,186 shares during the last quarter. AlphaStar Capital Management LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the third quarter valued at $133,231,000. Bell Bank bought a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $106,035,000. Diversify Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 48.7% in the first quarter. Diversify Wealth Management LLC now owns 2,618,389 shares of the company’s stock valued at $154,878,000 after acquiring an additional 857,802 shares during the period. Finally, Avior Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $46,088,000.
SPDR Portfolio S&P 500 Value ETF Stock Performance
Shares of NYSEARCA:SPYV opened at $63.74 on Thursday. The stock has a market capitalization of $38.21 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The stock’s 50-day simple moving average is $62.81 and its two-hundred day simple moving average is $61.43. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $54.44 and a 52-week high of $64.26.
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.
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