71 West Capital Partners Takes $59.56 Million Position in SPDR Portfolio S&P 500 Value ETF $SPYV

71 West Capital Partners acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,048,426 shares of the company’s stock, valued at approximately $59,561,000. SPDR Portfolio S&P 500 Value ETF comprises about 2.7% of 71 West Capital Partners’ holdings, making the stock its 9th biggest holding.

Other hedge funds also recently modified their holdings of the company. Asempa Wealth Advisors purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at $945,000. ERn Financial LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 4.9% in the fourth quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock valued at $38,419,000 after purchasing an additional 31,736 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 4.8% in the third quarter. Fifth Third Bancorp now owns 275,282 shares of the company’s stock valued at $15,231,000 after purchasing an additional 12,700 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter valued at $10,928,000. Finally, TIAA Trust National Association lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 13.3% in the third quarter. TIAA Trust National Association now owns 4,330,027 shares of the company’s stock valued at $239,580,000 after purchasing an additional 506,795 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.4%

SPYV opened at $61.52 on Tuesday. The stock has a fifty day moving average of $59.76 and a 200-day moving average of $58.41. The firm has a market capitalization of $34.57 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 $50.82 and a 12-month high of $61.78.

SPDR Portfolio S&P 500 Value ETF 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.