Convergence Financial LLC Raises Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Convergence Financial LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,587 shares of the company’s stock after buying an additional 103,573 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up 6.2% of Convergence Financial LLC’s portfolio, making the stock its 3rd largest position. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $31,123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Red Crane Wealth Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $6,928,000. Ackerman Capital Advisors LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 2.9% in the 4th quarter. Ackerman Capital Advisors LLC now owns 280,501 shares of the company’s stock valued at $14,345,000 after purchasing an additional 7,956 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SPDR Portfolio S&P 500 Value ETF by 105.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,312,481 shares of the company’s stock valued at $169,400,000 after purchasing an additional 1,696,888 shares during the last quarter. Stack Financial Management Inc bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at $289,000. Finally, Wrapmanager Inc. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 0.6% during the fourth quarter. Wrapmanager Inc. now owns 208,554 shares of the company’s stock valued at $10,665,000 after acquiring an additional 1,214 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.6 %

Shares of NYSEARCA SPYV opened at $52.40 on Thursday. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $47.22 and a twelve month high of $55.42. The firm has a fifty day simple moving average of $52.07 and a 200 day simple moving average of $52.57. The company has a market capitalization of $25.43 billion, a PE ratio of 22.42 and a beta of 0.95.

SPDR Portfolio S&P 500 Value ETF 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.