PNC Financial Services Group Inc. Has $3.83 Million Position in SPDR Portfolio S&P 500 Value ETF $SPYV

PNC Financial Services Group Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 124.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,772 shares of the company’s stock after acquiring an additional 37,574 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $3,835,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Morgan Stanley raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% during the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock valued at $1,121,873,000 after purchasing an additional 10,778,683 shares during the period. Valpey Financial Services LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock valued at $121,193,000 after buying an additional 2,097,544 shares during the period. Royal Bank of Canada increased its position in SPDR Portfolio S&P 500 Value ETF by 38.5% in the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock valued at $341,112,000 after buying an additional 1,670,152 shares in the last quarter. Wellington Management Group LLP bought a new stake in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $68,850,000. Finally, 71 West Capital Partners bought a new stake in SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at about $59,561,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV stock opened at $62.24 on Tuesday. The stock’s 50 day simple moving average is $61.17 and its 200 day simple moving average is $59.34. The company has a market cap of $36.20 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $51.97 and a fifty-two week high of $62.55.

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.