Angeles Wealth Management LLC Increases Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Angeles Wealth Management LLC raised its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,785,267 shares of the company’s stock after buying an additional 54,274 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 7.5% of Angeles Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Angeles Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $91,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 8.8% in the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock valued at $2,069,502,000 after buying an additional 3,176,679 shares during the last quarter. Allworth Financial LP grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.3% in the 3rd quarter. Allworth Financial LP now owns 20,300,686 shares of the company’s stock worth $1,073,094,000 after acquiring an additional 461,035 shares in the last quarter. Valmark Advisers Inc. grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.9% in the 3rd quarter. Valmark Advisers Inc. now owns 7,491,869 shares of the company’s stock worth $396,020,000 after acquiring an additional 140,498 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock valued at $294,416,000 after purchasing an additional 286,795 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 7.2% during the third quarter. Townsquare Capital LLC now owns 3,791,777 shares of the company’s stock valued at $200,433,000 after purchasing an additional 255,672 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV stock opened at $52.11 on Monday. The company has a market capitalization of $22.58 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $46.42 and a 52-week high of $55.42. The company has a 50-day simple moving average of $52.29 and a two-hundred day simple moving average of $52.33.

SPDR Portfolio S&P 500 Value ETF Company 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.