Moors & Cabot Inc. Invests $55,000 in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

[view original post]

Moors & Cabot Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors have also added to or reduced their stakes in the company. Riverpoint Wealth Management Holdings LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 3.6% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 158,848 shares of the company’s stock worth $6,281,000 after buying an additional 5,574 shares in the last quarter. Occidental Asset Management LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 3.6% in the 3rd quarter. Occidental Asset Management LLC now owns 106,878 shares of the company’s stock worth $4,168,000 after buying an additional 3,699 shares in the last quarter. Financial Advocates Investment Management boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.2% in the 3rd quarter. Financial Advocates Investment Management now owns 24,265 shares of the company’s stock worth $947,000 after buying an additional 986 shares in the last quarter. PAX Financial Group LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 9.0% in the 3rd quarter. PAX Financial Group LLC now owns 133,439 shares of the company’s stock worth $5,204,000 after buying an additional 10,997 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 1.2% in the 2nd quarter. Kingsview Wealth Management LLC now owns 185,665 shares of the company’s stock worth $7,393,000 after buying an additional 2,208 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF stock opened at $42.64 on Thursday. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $33.72 and a 52 week high of $42.99. The stock has a 50-day simple moving average of $41.28.

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.

Read More: How are capital gains distributions different for tax-deferred account?

Want More Great Investing Ideas?