Valmark Advisers Inc. Has $509 Million Position in SPDR Portfolio S&P 500 Value ETF $SPYV

Valmark Advisers Inc. grew its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,996,058 shares of the company’s stock after acquiring an additional 255,913 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises approximately 6.0% of Valmark Advisers Inc.’s portfolio, making the stock its 2nd biggest holding. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $508,997,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Key Capital Management INC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth approximately $25,000. Highline Wealth Partners LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% during the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock valued at $26,000 after purchasing an additional 314 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at $26,000. Meramec Financial Planners LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at $28,000. Finally, Triumph Capital Management purchased a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth $30,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV stock traded up $0.13 during mid-day trading on Friday, reaching $61.73. 1,808,807 shares of the stock traded hands, compared to its average volume of 3,302,932. SPDR Portfolio S&P 500 Value ETF has a one year low of $51.97 and a one year high of $62.19. The stock has a market capitalization of $35.90 billion, a PE ratio of 20.50 and a beta of 0.82. The business has a 50-day moving average price of $60.80 and a two-hundred day moving average price of $58.97.

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.