LPL Financial LLC Has $2.12 Billion Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

LPL Financial LLC raised its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,404,616 shares of the company’s stock after buying an additional 2,253,997 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for 0.9% of LPL Financial LLC’s holdings, making the stock its 17th largest holding. LPL Financial LLC owned approximately 9.55% of SPDR Portfolio S&P 500 Value ETF worth $2,117,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SPYV. Allworth Financial LP lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.3% during the fourth quarter. Allworth Financial LP now owns 20,370,433 shares of the company’s stock worth $1,065,781,000 after purchasing an additional 69,747 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.3% during the fourth quarter. Valmark Advisers Inc. now owns 7,666,293 shares of the company’s stock worth $392,054,000 after purchasing an additional 174,424 shares during the period. Horizon Investments LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 300.5% during the fourth quarter. Horizon Investments LLC now owns 5,797,361 shares of the company’s stock worth $296,477,000 after purchasing an additional 4,349,903 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock worth $294,416,000 after purchasing an additional 286,795 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth $281,432,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:SPYV opened at $51.03 on Friday. The firm has a market cap of $24.98 billion, a PE ratio of 21.43 and a beta of 0.93. The firm’s fifty day moving average is $52.06 and its 200-day moving average is $52.56. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $47.22 and a 52 week high of $55.42.

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.