Vertrix Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 500 Value ETF $SPYV

Vertrix Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 1st quarter, Holdings Channel reports. The firm purchased 214,458 shares of the company’s stock, valued at approximately $12,134,000. SPDR Portfolio S&P 500 Value ETF comprises approximately 4.5% of Vertrix Wealth Management LLC’s holdings, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPYV. Financial Engines Advisors L.L.C. boosted its position in SPDR Portfolio S&P 500 Value ETF by 0.8% during the third quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock valued at $4,522,086,000 after purchasing an additional 642,820 shares during the last quarter. Morgan Stanley raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% during the 4th quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after purchasing an additional 10,778,683 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.0% in the 4th quarter. Allworth Financial LP now owns 19,695,295 shares of the company’s stock valued at $1,118,890,000 after buying an additional 382,214 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.7% in the 4th quarter. Valmark Advisers Inc. now owns 8,740,145 shares of the company’s stock valued at $496,528,000 after buying an additional 231,888 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock valued at $474,565,000 after buying an additional 304,642 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.3%

NYSEARCA:SPYV opened at $61.00 on Thursday. The stock has a market capitalization of $35.37 billion, a PE ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $51.97 and a 1-year high of $61.87. The firm has a fifty day simple moving average of $60.43 and a 200 day simple moving average of $58.75.

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.