Northwestern Mutual Wealth Management Co. Sells 3,611 Shares of SPDR S&P 1500 Value Tilt ETF $VLU

Northwestern Mutual Wealth Management Co. lessened its stake in SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) by 15.0% during the fourth quarter, HoldingsChannel reports. The firm owned 20,526 shares of the company’s stock after selling 3,611 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P 1500 Value Tilt ETF were worth $4,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of VLU. Royal Bank of Canada raised its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 33.0% in the 1st quarter. Royal Bank of Canada now owns 15,994 shares of the company’s stock worth $2,940,000 after purchasing an additional 3,964 shares during the period. NewEdge Advisors LLC raised its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 389.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,696 shares of the company’s stock worth $2,440,000 after purchasing an additional 10,102 shares during the period. Raymond James Financial Inc. raised its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 17.8% in the 2nd quarter. Raymond James Financial Inc. now owns 108,649 shares of the company’s stock worth $20,877,000 after purchasing an additional 16,417 shares during the period. Jane Street Group LLC bought a new stake in shares of SPDR S&P 1500 Value Tilt ETF in the 2nd quarter worth approximately $1,389,000. Finally, Graney & King LLC raised its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 2.6% in the 2nd quarter. Graney & King LLC now owns 30,785 shares of the company’s stock worth $5,915,000 after purchasing an additional 784 shares during the period.

SPDR S&P 1500 Value Tilt ETF Trading Down 0.5%

NYSEARCA:VLU opened at $236.96 on Thursday. The stock has a market capitalization of $708.51 million, a PE ratio of 17.09 and a beta of 0.87. The firm’s 50 day moving average is $227.83 and its 200 day moving average is $220.03. SPDR S&P 1500 Value Tilt ETF has a 12 month low of $184.92 and a 12 month high of $238.37.

About SPDR S&P 1500 Value Tilt ETF

The SPDR S&P 1500 Value Tilt ETF (VLU) is an exchange-traded fund that is based on the S&P 1500 Low Valuation Tilt index. The fund tracks an index that weights securities according to a combination of fundamental factors, and aims to find those with lower prices relative to valuations. VLU was launched on Oct 24, 2012 and is managed by State Street.