SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Shares Bought by Convergence Financial LLC

Convergence Financial LLC increased its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 608,587 shares of the company’s stock after buying an additional 103,573 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for approximately 6.2% of Convergence Financial LLC’s investment portfolio, making the stock its 3rd largest position. Convergence Financial LLC owned approximately 0.14% of SPDR Portfolio S&P 500 Value ETF worth $31,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPYV. Park Place Capital Corp purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at $31,000. Legacy Investment Solutions LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $44,000. Crewe Advisors LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 136.9% in the 4th quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock worth $50,000 after buying an additional 560 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $53,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $52.40 on Thursday. SPDR Portfolio S&P 500 Value ETF has a one year low of $47.22 and a one year high of $55.42. The stock has a market capitalization of $25.43 billion, a P/E ratio of 22.42 and a beta of 0.95. The business’s 50 day simple moving average is $52.07 and its two-hundred day simple moving average is $52.57.

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.