Fifth Third Securities Inc. Makes New $34.62 Million Investment in SPDR Portfolio S&P 500 Value ETF $SPYV

Fifth Third Securities Inc. acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 3rd quarter, HoldingsChannel reports. The firm acquired 566,363 shares of the company’s stock, valued at approximately $34,622,000. SPDR Portfolio S&P 500 Value ETF makes up approximately 1.7% of Fifth Third Securities Inc.’s holdings, making the stock its 9th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 1,807.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock worth $383,708,000 after purchasing an additional 5,981,186 shares during the period. AlphaStar Capital Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at approximately $133,231,000. Bell Bank purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $106,035,000. Diversify Wealth Management LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 48.7% in the first quarter. Diversify Wealth Management LLC now owns 2,618,389 shares of the company’s stock valued at $154,878,000 after acquiring an additional 857,802 shares during the period. Finally, Avior Wealth Management LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $46,088,000.

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

Shares of NYSEARCA:SPYV traded up $0.18 during midday trading on Wednesday, hitting $63.73. The stock had a trading volume of 1,597,938 shares, compared to its average volume of 2,875,939. The stock has a 50 day moving average price of $62.80 and a two-hundred day moving average price of $61.38. The company has a market capitalization of $38.20 billion, a PE ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $54.44 and a 1 year high of $64.26.

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.