Convergence Financial LLC Boosts Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Convergence Financial LLC raised its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 554,178 shares of the company’s stock after purchasing an additional 36,626 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for 5.0% of Convergence Financial LLC’s investment portfolio, making the stock its 2nd biggest position. Convergence Financial LLC owned about 0.11% of SPDR Portfolio S&P 500 Value ETF worth $29,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the first quarter worth approximately $386,000. DecisionMap Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 3.1% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 99,426 shares of the company’s stock worth $5,204,000 after buying an additional 2,958 shares during the last quarter. CWM LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.5% during the 2nd quarter. CWM LLC now owns 4,188,320 shares of the company’s stock valued at $219,217,000 after buying an additional 102,684 shares in the last quarter. American Financial & Tax Strategies Inc. raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 1.5% during the 2nd quarter. American Financial & Tax Strategies Inc. now owns 150,528 shares of the company’s stock valued at $7,879,000 after buying an additional 2,253 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 266.1% during the 1st quarter. Hsbc Holdings PLC now owns 55,563 shares of the company’s stock worth $2,838,000 after acquiring an additional 40,385 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.5%

SPYV opened at $55.61 on Wednesday. The business’s fifty day simple moving average is $55.18 and its 200 day simple moving average is $52.97. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $44.39 and a 52 week high of $56.75. The stock has a market cap of $29.97 billion, a PE ratio of 20.50 and a beta of 0.89.

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.