The Manufacturers Life Insurance Company Invests $18.72 Million in SPDR Portfolio S&P 500 Value ETF $SPYV

The Manufacturers Life Insurance Company purchased a new position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the 1st quarter, Holdings Channel reports. The firm purchased 330,844 shares of the company’s stock, valued at approximately $18,719,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 13.9% in the first quarter. AQR Capital Management LLC now owns 65,816 shares of the company’s stock valued at $3,361,000 after acquiring an additional 8,012 shares during the period. Russell Investments Group Ltd. increased its holdings in SPDR Portfolio S&P 500 Value ETF by 330.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,202 shares of the company’s stock valued at $272,000 after purchasing an additional 3,994 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at $3,008,000. Qube Research & Technologies Ltd increased its position in SPDR Portfolio S&P 500 Value ETF by 28.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,800 shares of the company’s stock valued at $565,000 after acquiring an additional 2,394 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $295,000.

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

SPYV stock opened at $62.06 on Friday. The company has a market cap of $36.18 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $51.97 and a twelve month high of $62.91. The business has a fifty day moving average of $61.31 and a 200-day moving average of $59.45.

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.