Bell Bank Invests $64.06 Million in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Bell Bank acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,252,623 shares of the company’s stock, valued at approximately $64,059,000. SPDR Portfolio S&P 500 Value ETF accounts for 4.8% of Bell Bank’s portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co increased its stake in SPDR Portfolio S&P 500 Value ETF by 199.4% in the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the period. Park Place Capital Corp bought a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $31,000. Legacy Investment Solutions LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB bought a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $44,000. Finally, Crewe Advisors LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 136.9% in the fourth quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock valued at $50,000 after acquiring an additional 560 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Down 1.0 %

NYSEARCA SPYV opened at $52.66 on Friday. The stock has a market cap of $22.82 billion, a P/E ratio of 24.09 and a beta of 0.81. The company’s 50-day simple moving average is $52.05 and its 200 day simple moving average is $52.45. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $47.22 and a twelve month high of $55.42.

SPDR Portfolio S&P 500 Value ETF Company 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.