N.E.W. Advisory Services LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Free Report) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,523,011 shares of the company’s stock after acquiring an additional 121,672 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 6.4% of N.E.W. Advisory Services LLC’s holdings, making the stock its 2nd biggest position. N.E.W. Advisory Services LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $86,522,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Financial Engines Advisors L.L.C. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.8% in 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 during the last quarter. Allworth Financial LP lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 16.1% in the third quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock valued at $1,068,593,000 after buying an additional 2,682,951 shares during the last quarter. Valmark Advisers Inc. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.7% in the fourth quarter. Valmark Advisers Inc. now owns 8,740,145 shares of the company’s stock valued at $496,528,000 after buying an additional 231,888 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock valued at $474,565,000 after buying an additional 304,642 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 7,456,598 shares of the company’s stock valued at $412,574,000 after buying an additional 264,960 shares during the last quarter.
SPDR Portfolio S&P 500 Value ETF Stock Up 0.3%
SPYV opened at $59.16 on Friday. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $48.00 and a 12-month high of $59.75. The stock has a market cap of $33.19 billion, a price-to-earnings ratio of 20.50 and a beta of 0.84. The business has a 50 day moving average of $57.88 and a 200-day moving average of $57.23.
About SPDR Portfolio S&P 500 Value ETF
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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