Motive Wealth Advisors Sells 15,466 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Motive Wealth Advisors cut its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 12.4% in the fourth quarter, HoldingsChannel reports. The firm owned 108,848 shares of the company’s stock after selling 15,466 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 3.0% of Motive Wealth Advisors’ portfolio, making the stock its 13th largest position. Motive Wealth Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $5,566,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPYV. Sei Investments Co. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 40.5% in the 2nd quarter. Sei Investments Co. now owns 10,772 shares of the company’s stock valued at $525,000 after acquiring an additional 3,106 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth approximately $325,000. Ascent Group LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter valued at approximately $1,204,000. Creative Planning raised its holdings in SPDR Portfolio S&P 500 Value ETF by 23.1% during the 2nd quarter. Creative Planning now owns 82,888 shares of the company’s stock valued at $4,040,000 after buying an additional 15,541 shares during the period. Finally, NewEdge Advisors LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 30.6% in the second quarter. NewEdge Advisors LLC now owns 449,013 shares of the company’s stock worth $21,885,000 after buying an additional 105,259 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.6 %

NYSEARCA SPYV opened at $52.65 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $46.36 and a 52 week high of $55.42. The firm has a market capitalization of $22.82 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The company has a fifty day moving average of $52.71 and a two-hundred day moving average of $52.10.

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.