MML Investors Services LLC Has $34.80 Million Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

MML Investors Services LLC lowered its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 11.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 680,432 shares of the company’s stock after selling 86,582 shares during the quarter. MML Investors Services LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $34,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Demars Financial Group LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 5,184.5% in the 4th quarter. Demars Financial Group LLC now owns 16,144,971 shares of the company’s stock worth $825,654,000 after purchasing an additional 15,839,453 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at approximately $281,432,000. Horizon Investments LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 300.5% in the fourth quarter. Horizon Investments LLC now owns 5,797,361 shares of the company’s stock valued at $296,477,000 after purchasing an additional 4,349,903 shares during the period. LPL Financial LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5.8% in the fourth quarter. LPL Financial LLC now owns 41,404,616 shares of the company’s stock worth $2,117,432,000 after buying an additional 2,253,997 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 105.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,312,481 shares of the company’s stock worth $169,400,000 after buying an additional 1,696,888 shares during the last quarter.

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

NYSEARCA:SPYV opened at $47.54 on Monday. The firm has a market capitalization of $23.60 billion, a PE ratio of 20.50 and a beta of 0.88. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $44.39 and a 1 year high of $55.42. The firm’s fifty day simple moving average is $50.50 and its 200 day simple moving average is $52.02.

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.