Kelly Financial Services LLC Buys Shares of 27,679 SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Kelly Financial Services LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,679 shares of the company’s stock, valued at approximately $1,463,000.

A number of other large investors also recently made changes to their positions in SPYV. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock worth $28,000 after purchasing an additional 404 shares during the period. Crewe Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth $29,000. Olistico Wealth LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth $30,000. EdgeRock Capital LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth $30,000. Finally, Salem Investment Counselors Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth $35,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.7 %

Shares of SPYV opened at $52.82 on Thursday. The firm has a market capitalization of $22.89 billion, a P/E ratio of 24.09 and a beta of 0.81. The stock’s fifty day simple moving average is $51.58 and its 200 day simple moving average is $49.99. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $39.51 and a twelve month high of $52.98.

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.