Confluence Investment Management LLC Buys New Shares in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Confluence Investment Management LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the first quarter, HoldingsChannel reports. The fund bought 343,760 shares of the company’s stock, valued at approximately $17,222,000.

A number of other institutional investors have also recently bought and sold shares of SPYV. Riverpoint Wealth Management Holdings LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 0.4% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 52,373 shares of the company’s stock worth $2,442,000 after buying an additional 217 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 34.3% in the fourth quarter. Tortoise Investment Management LLC now owns 900 shares of the company’s stock valued at $42,000 after purchasing an additional 230 shares during the period. Glass Jacobson Investment Advisors llc boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.9% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 13,399 shares of the company’s stock valued at $625,000 after purchasing an additional 251 shares during the period. TAP Consulting LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 0.6% in the third quarter. TAP Consulting LLC now owns 42,097 shares of the company’s stock valued at $1,737,000 after purchasing an additional 261 shares during the period. Finally, Advisors Capital Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.6% in the third quarter. Advisors Capital Management LLC now owns 18,608 shares of the company’s stock valued at $768,000 after purchasing an additional 291 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.3 %

Shares of SPYV stock opened at $49.03 on Wednesday. The company has a market capitalization of $21.25 billion, a PE ratio of 24.09 and a beta of 0.81. The firm has a fifty day simple moving average of $48.80 and a 200-day simple moving average of $47.89. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $39.51 and a twelve month high of $50.20.

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.