Diversify Wealth Management LLC Boosts Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Diversify Wealth Management LLC increased its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 41.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 644,421 shares of the company’s stock after purchasing an additional 189,865 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 2.5% of Diversify Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Diversify Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $32,492,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SPYV. LPL Financial LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 8.8% during the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock valued at $2,069,502,000 after purchasing an additional 3,176,679 shares in the last quarter. Allworth Financial LP increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.3% during the third quarter. Allworth Financial LP now owns 20,300,686 shares of the company’s stock worth $1,073,094,000 after acquiring an additional 461,035 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 1.9% during the third quarter. Valmark Advisers Inc. now owns 7,491,869 shares of the company’s stock worth $396,020,000 after acquiring an additional 140,498 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock worth $294,416,000 after acquiring an additional 286,795 shares during the last quarter. Finally, Advisory Alpha LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 13.2% in the 2nd quarter. Advisory Alpha LLC now owns 4,388,367 shares of the company’s stock valued at $213,893,000 after acquiring an additional 512,054 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.7 %

Shares of NYSEARCA:SPYV opened at $52.01 on Monday. The business’s 50 day moving average is $52.82 and its 200 day moving average is $52.05. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $45.64 and a 12-month high of $55.42. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81.

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.