Grimes & Company Inc. Acquires 4,403 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Grimes & Company Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 56.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,183 shares of the company’s stock after purchasing an additional 4,403 shares during the period. Grimes & Company Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 55.0% during the fourth quarter. Fifth Third Bancorp now owns 231,880 shares of the company’s stock valued at $11,858,000 after acquiring an additional 82,242 shares in the last quarter. CX Institutional raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 62.4% during the fourth quarter. CX Institutional now owns 269,966 shares of the company’s stock valued at $13,806,000 after acquiring an additional 103,762 shares in the last quarter. Encompass More Asset Management bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at approximately $262,000. RFG Advisory LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 49.9% in the fourth quarter. RFG Advisory LLC now owns 72,188 shares of the company’s stock worth $3,692,000 after purchasing an additional 24,024 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 10.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 61,274 shares of the company’s stock worth $3,134,000 after purchasing an additional 5,843 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.2 %

SPYV opened at $52.56 on Friday. The stock has a fifty day simple moving average of $52.67 and a two-hundred day simple moving average of $52.15. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $46.42 and a 12-month high of $55.42.

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.