SPDR Portfolio S&P 500 Value ETF $SPYV Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 32.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,047,254 shares of the company’s stock after acquiring an additional 256,850 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $63,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPYV. Morgan Stanley grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% during the 4th quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after purchasing an additional 10,778,683 shares during the period. Valpey Financial Services LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 5,865.0% during the fourth quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock worth $121,193,000 after buying an additional 2,097,544 shares in the last quarter. Royal Bank of Canada boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 38.5% during the fourth quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock worth $341,112,000 after buying an additional 1,670,152 shares in the last quarter. Wellington Management Group LLP acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $68,850,000. Finally, 71 West Capital Partners acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $59,561,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA:SPYV opened at $62.42 on Tuesday. The business’s 50 day simple moving average is $61.34 and its 200-day simple moving average is $59.49. The firm has a market capitalization of $36.39 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $52.33 and a 12 month high of $62.91.

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.