Independent Financial Group LLC Purchases New Stake in SPDR Portfolio S&P 500 Value ETF $SPYV

Independent Financial Group LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 156,243 shares of the company’s stock, valued at approximately $8,840,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Key Capital Management INC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $25,000. Highline Wealth Partners LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% during the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after acquiring an additional 314 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth $26,000. Meramec Financial Planners LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter worth $28,000. Finally, Triumph Capital Management acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $30,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.9%

Shares of SPYV opened at $62.24 on Friday. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $51.97 and a 12-month high of $62.24. The firm has a 50-day moving average price of $60.94 and a 200 day moving average price of $59.11. The firm has a market capitalization of $36.21 billion, a P/E ratio of 20.50 and a beta of 0.82.

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. 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.