Independent Financial Group LLC Takes Position in SPDR Portfolio S&P 500 Value ETF $SPYV

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

Several other hedge funds also recently added to or reduced their stakes in SPYV. Frazier Financial Advisors LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 10.5% during the first quarter. Frazier Financial Advisors LLC now owns 13,940 shares of the company’s stock worth $789,000 after acquiring an additional 1,322 shares during the last quarter. Sharpepoint LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.1% in the 1st quarter. Sharpepoint LLC now owns 98,877 shares of the company’s stock valued at $5,594,000 after purchasing an additional 1,111 shares during the last quarter. RFG Bristol Wealth Advisors LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 8.8% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 99,099 shares of the company’s stock worth $5,607,000 after purchasing an additional 8,016 shares during the period. Navigation Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter worth $30,815,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 591,221 shares of the company’s stock worth $33,451,000 after purchasing an additional 3,673 shares during the period.

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

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

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. 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.