Valmark Advisers Inc. Purchases 174,424 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Valmark Advisers Inc. boosted its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,666,293 shares of the company’s stock after purchasing an additional 174,424 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises approximately 6.1% of Valmark Advisers Inc.’s portfolio, making the stock its 3rd largest holding. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $392,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 8.8% during the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock worth $2,069,502,000 after purchasing an additional 3,176,679 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $84,057,000. Mount Yale Investment Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $69,902,000. Orion Portfolio Solutions LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 1,525.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,449,664 shares of the company’s stock worth $76,629,000 after purchasing an additional 1,360,461 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 5,118.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 926,973 shares of the company’s stock worth $47,405,000 after purchasing an additional 909,210 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.2 %

NYSEARCA:SPYV opened at $52.71 on Friday. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $47.14 and a twelve month high of $55.42. The stock’s 50 day moving average price is $52.10 and its two-hundred day moving average price is $52.40.

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.