Salem Investment Counselors Inc. Acquires New Shares in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Salem Investment Counselors Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 693 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPYV. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 202.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,117,502 shares of the company’s stock worth $611,669,000 after buying an additional 8,776,348 shares during the period. Quotient Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth about $109,990,000. Financial Gravity Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 2,334.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,877,647 shares of the company’s stock worth $77,472,000 after buying an additional 1,800,505 shares during the period. First National Trust Co lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 159.5% in the 4th quarter. First National Trust Co now owns 2,299,997 shares of the company’s stock valued at $107,249,000 after purchasing an additional 1,413,786 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2,377.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,345,651 shares of the company’s stock valued at $63,165,000 after purchasing an additional 1,291,334 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA:SPYV opened at $49.21 on Monday. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The business’s 50-day moving average is $48.84 and its 200-day moving average is $47.99. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $39.51 and a 1 year high of $50.20.

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.