Eldridge Investment Advisors Inc. Trims Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Eldridge Investment Advisors Inc. lowered its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 54.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,246 shares of the company’s stock after selling 34,575 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPYV. Park Place Capital Corp purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $31,000. Lindbrook Capital LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 224.8% during the 4th quarter. Lindbrook Capital LLC now owns 695 shares of the company’s stock valued at $36,000 after acquiring an additional 481 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $44,000. Finally, Crewe Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 136.9% during the 4th quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock valued at $50,000 after acquiring an additional 560 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Up 1.7 %

Shares of NYSEARCA:SPYV opened at $50.61 on Friday. The stock has a 50 day moving average of $52.05 and a 200 day moving average of $52.60. The company has a market cap of $24.78 billion, a PE ratio of 21.43 and a beta of 0.93. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $47.22 and a 12-month high of $55.42.

SPDR Portfolio S&P 500 Value ETF Company 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.