SPDR Portfolio S&P 500 Value ETF $SPYV is Convergence Financial LLC’s 2nd Largest Position

Convergence Financial LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 687,832 shares of the company’s stock after purchasing an additional 133,654 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for about 5.7% of Convergence Financial LLC’s investment portfolio, making the stock its 2nd biggest holding. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $38,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SPYV. Clear Creek Financial Management LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 348,005 shares of the company’s stock worth $19,255,000 after buying an additional 9,619 shares during the period. Wealth Alliance LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $229,000. Horizon Family Wealth Inc. raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.3% in the 3rd quarter. Horizon Family Wealth Inc. now owns 98,445 shares of the company’s stock worth $5,447,000 after acquiring an additional 285 shares in the last quarter. Synergy Investment Management LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 16.3% in the 3rd quarter. Synergy Investment Management LLC now owns 145,226 shares of the company’s stock valued at $8,035,000 after purchasing an additional 20,379 shares during the period. Finally, First National Bank of Omaha bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter valued at approximately $745,000.

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

Shares of SPYV stock opened at $59.26 on Friday. The business’s fifty day moving average is $58.03 and its 200 day moving average is $56.23. The stock has a market cap of $33.03 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $44.39 and a twelve month high of $59.75.

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. 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.