New Century Financial Group LLC Purchases New Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

New Century Financial Group LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 30,529 shares of the company’s stock, valued at approximately $1,488,000. SPDR Portfolio S&P 500 Value ETF comprises approximately 0.6% of New Century Financial Group LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently modified their holdings of the company. Williams Financial LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 6,166.3% during the second quarter. Williams Financial LLC now owns 42,988,918 shares of the company’s stock valued at $2,101,241,000 after purchasing an additional 42,302,888 shares during the period. Envestnet Asset Management Inc. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 202.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,117,502 shares of the company’s stock worth $611,669,000 after buying an additional 8,776,348 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at $152,867,000. LPL Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 7.6% in the 2nd quarter. LPL Financial LLC now owns 35,973,940 shares of the company’s stock valued at $1,753,370,000 after buying an additional 2,535,855 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 209.0% during the 1st quarter. Cetera Investment Advisers now owns 2,530,967 shares of the company’s stock worth $126,801,000 after acquiring an additional 1,711,930 shares during the period.

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

NYSEARCA SPYV opened at $52.86 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $39.51 and a twelve month high of $52.98. The stock has a market cap of $22.91 billion, a P/E ratio of 24.09 and a beta of 0.81. The company’s 50-day simple moving average is $51.33 and its 200 day simple moving average is $49.85.

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.