Towerpoint Wealth LLC Purchases Shares of 4,248 SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Towerpoint Wealth LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 4,248 shares of the company’s stock, valued at approximately $136,000.

A number of other institutional investors and hedge funds have also modified their holdings of SPYV. Envestnet Asset Management Inc. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 670.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,897,516 shares of the company’s stock valued at $316,325,000 after acquiring an additional 8,613,537 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 57.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,400,188 shares of the company’s stock valued at $106,358,000 after buying an additional 1,245,777 shares during the period. Connecticut Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $28,843,000. PFS Investments Inc. grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 33.6% during the 2nd quarter. PFS Investments Inc. now owns 2,776,974 shares of the company’s stock valued at $88,169,000 after buying an additional 698,643 shares during the period. Finally, Barber Financial Group Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $17,797,000.

Shares of NYSEARCA SPYV traded up $0.07 during trading on Friday, hitting $33.80. 791,886 shares of the company traded hands, compared to its average volume of 1,050,686. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $25.44 and a 1 year high of $33.85. The company has a 50-day moving average price of $32.28 and a 200-day moving average price of $31.38.

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.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

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