GRIMES & Co WEALTH MANAGEMENT LLC Makes New Investment in SPDR Portfolio S&P 500 Value ETF $SPYV

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,627 shares of the company’s stock, valued at approximately $772,000.

Several other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1,807.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock worth $383,708,000 after buying an additional 5,981,186 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter valued at approximately $263,007,000. AlphaStar Capital Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter valued at approximately $133,231,000. Bell Bank bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $106,035,000. Finally, Founders Financial Securities LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $95,818,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

NYSEARCA SPYV opened at $65.14 on Thursday. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $54.44 and a 1 year high of $65.21. The stock has a market capitalization of $39.46 billion, a PE ratio of 20.50 and a beta of 0.82. The company’s 50 day simple moving average is $62.93 and its two-hundred day simple moving average is $60.67.

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. 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.