Royal Bank of Canada Reduces Holdings in SPDR S&P 1500 Value Tilt ETF $VLU

Royal Bank of Canada reduced its stake in shares of SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) by 27.9% in the 1st quarter, HoldingsChannel reports. The firm owned 15,640 shares of the company’s stock after selling 6,064 shares during the quarter. Royal Bank of Canada’s holdings in SPDR S&P 1500 Value Tilt ETF were worth $3,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nadler Financial Group Inc. acquired a new stake in SPDR S&P 1500 Value Tilt ETF during the 1st quarter valued at $26,285,000. Raymond James Financial Inc. increased its position in SPDR S&P 1500 Value Tilt ETF by 62.5% during the third quarter. Raymond James Financial Inc. now owns 176,603 shares of the company’s stock worth $36,048,000 after buying an additional 67,954 shares in the last quarter. Systelligence LLC purchased a new position in SPDR S&P 1500 Value Tilt ETF during the first quarter worth $12,618,000. LPL Financial LLC raised its holdings in shares of SPDR S&P 1500 Value Tilt ETF by 8.4% in the fourth quarter. LPL Financial LLC now owns 406,592 shares of the company’s stock worth $85,644,000 after acquiring an additional 31,663 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of SPDR S&P 1500 Value Tilt ETF in the fourth quarter worth $6,506,000.

SPDR S&P 1500 Value Tilt ETF Stock Up 0.1%

Shares of NYSEARCA:VLU opened at $250.62 on Friday. SPDR S&P 1500 Value Tilt ETF has a 52-week low of $197.09 and a 52-week high of $250.97. The stock’s fifty day simple moving average is $241.23 and its 200-day simple moving average is $230.68. The company has a market capitalization of $779.43 million, a P/E ratio of 17.09 and a beta of 0.87.

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.