Choate Investment Advisors Purchases New Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Choate Investment Advisors purchased a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,219 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPYV. Raymond James Financial Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $281,432,000. LPL Financial LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 8.8% in the third quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock valued at $2,069,502,000 after buying an additional 3,176,679 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 105.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,312,481 shares of the company’s stock valued at $169,400,000 after buying an additional 1,696,888 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 6,012.4% in the fourth quarter. Independent Advisor Alliance now owns 1,553,951 shares of the company’s stock valued at $79,469,000 after buying an additional 1,528,528 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 71.6% in the fourth quarter. Dynasty Wealth Management LLC now owns 3,310,399 shares of the company’s stock valued at $169,294,000 after buying an additional 1,380,993 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:SPYV opened at $51.15 on Tuesday. The company has a 50-day simple moving average of $52.05 and a 200-day simple moving average of $52.59. SPDR Portfolio S&P 500 Value ETF has a one year low of $47.22 and a one year high of $55.42. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 21.43 and a beta of 0.93.

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.