Valmark Advisers Inc. Has $342.97 Million Stock Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Valmark Advisers Inc. cut its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,355,060 shares of the company’s stock after selling 24,309 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up approximately 6.4% of Valmark Advisers Inc.’s holdings, making the stock its 2nd biggest position. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $342,966,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. TIAA Trust National Association bought a new position in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $117,938,000. Bank of New York Mellon Corp boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 20,880.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,845,804 shares of the company’s stock valued at $117,418,000 after acquiring an additional 2,832,240 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2,334.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,877,647 shares of the company’s stock valued at $77,472,000 after acquiring an additional 1,800,505 shares during the last quarter. LPL Financial LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 6.4% during the 3rd quarter. LPL Financial LLC now owns 28,124,602 shares of the company’s stock valued at $1,160,421,000 after acquiring an additional 1,687,275 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.1% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 73,483,846 shares of the company’s stock valued at $3,031,943,000 after acquiring an additional 1,485,730 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA SPYV traded down $0.11 during midday trading on Friday, reaching $48.31. 1,572,295 shares of the stock traded hands, compared to its average volume of 2,650,943. The stock has a market capitalization of $20.70 billion, a PE ratio of 23.06 and a beta of 0.88. SPDR Portfolio S&P 500 Value ETF has a one year low of $39.51 and a one year high of $50.20. The company’s 50 day moving average is $48.64 and its 200 day moving average is $46.08.

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.