Riverchase Wealth Management LLC Invests $2.55 Million in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Riverchase Wealth Management LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the fourth quarter, HoldingsChannel reports. The fund bought 49,795 shares of the company’s stock, valued at approximately $2,547,000. SPDR Portfolio S&P 500 Value ETF accounts for approximately 1.9% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First National Bank of Omaha boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% during the 3rd quarter. First National Bank of Omaha now owns 13,456 shares of the company’s stock worth $711,000 after buying an additional 187 shares during the last quarter. KM Capital Management Ltd. grew its stake in SPDR Portfolio S&P 500 Value ETF by 3.9% in the fourth quarter. KM Capital Management Ltd. now owns 5,068 shares of the company’s stock valued at $259,000 after purchasing an additional 192 shares in the last quarter. Mcdonald Partners LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 1.7% during the 4th quarter. Mcdonald Partners LLC now owns 12,733 shares of the company’s stock worth $651,000 after purchasing an additional 208 shares during the last quarter. WealthPlan Investment Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.8% during the 4th quarter. WealthPlan Investment Management LLC now owns 5,897 shares of the company’s stock worth $302,000 after purchasing an additional 217 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.3% in the 4th quarter. Waldron Private Wealth LLC now owns 17,922 shares of the company’s stock valued at $917,000 after buying an additional 229 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $51.39 on Friday. The company’s fifty day simple moving average is $52.07 and its 200 day simple moving average is $52.54. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $47.22 and a 1-year high of $55.42. The company has a market cap of $25.16 billion, a price-to-earnings ratio of 21.43 and a beta of 0.93.

SPDR Portfolio S&P 500 Value ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.1798 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.