SPDR Portfolio S&P 500 Value ETF $SPYV Shares Newly Purchased by Bell Bank

Bell Bank purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,734,577 shares of the company’s stock, valued at approximately $106,035,000. SPDR Portfolio S&P 500 Value ETF accounts for 4.0% of Bell Bank’s holdings, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPYV. The Manufacturers Life Insurance Company raised its stake in SPDR Portfolio S&P 500 Value ETF by 1,807.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock valued at $383,708,000 after acquiring an additional 5,981,186 shares during the period. AlphaStar Capital Management LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $133,231,000. Diversify Wealth Management LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 48.7% in the 1st quarter. Diversify Wealth Management LLC now owns 2,618,389 shares of the company’s stock valued at $154,878,000 after buying an additional 857,802 shares during the last quarter. Avior Wealth Management LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $46,088,000. Finally, Fluent Financial LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $40,655,000.

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

NYSEARCA SPYV opened at $63.55 on Wednesday. The firm has a 50-day moving average price of $62.80 and a two-hundred day moving average price of $61.38. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $54.44 and a 12-month high of $64.26. The company has a market capitalization of $38.09 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.