SPDR Portfolio S&P 500 Value ETF $SPYV Stake Raised by Convergence Financial LLC

Convergence Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 707,615 shares of the company’s stock after acquiring an additional 19,783 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for approximately 5.9% of Convergence Financial LLC’s investment portfolio, making the stock its 2nd biggest holding. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $40,200,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its stake in SPDR Portfolio S&P 500 Value ETF by 16.1% in the 3rd 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 in the last quarter. Valpey Financial Services LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock valued at $121,193,000 after buying an additional 2,097,544 shares in the last quarter. Wellington Management Group LLP purchased a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $68,850,000. Corient Private Wealth LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 103.6% in the 2nd quarter. Corient Private Wealth LLC now owns 1,838,839 shares of the company’s stock valued at $96,245,000 after buying an additional 935,644 shares in the last quarter. Finally, Willis Johnson & Associates Inc. lifted its stake in SPDR Portfolio S&P 500 Value ETF by 18.8% in the 3rd quarter. Willis Johnson & Associates Inc. now owns 5,218,947 shares of the company’s stock worth $288,764,000 after purchasing an additional 826,017 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV opened at $61.38 on Friday. The company’s 50 day simple moving average is $59.12 and its two-hundred day simple moving average is $58.15. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $50.76 and a 1-year high of $61.49. The firm has a market capitalization of $34.49 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

SPDR Portfolio S&P 500 Value ETF Company 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.