PFG Advisors Lowers Position in SPDR Portfolio S&P 500 Value ETF $SPYV

PFG Advisors cut its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 58.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,351 shares of the company’s stock after selling 51,764 shares during the quarter. PFG Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $2,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 176,237 shares of the company’s stock worth $9,751,000 after purchasing an additional 21,383 shares during the last quarter. ERn Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 11.2% in the third quarter. ERn Financial LLC now owns 644,527 shares of the company’s stock worth $35,662,000 after purchasing an additional 64,828 shares during the last quarter. Asempa Wealth Advisors purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth approximately $945,000. Destiny Capital Corp CO raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 7.4% in the third quarter. Destiny Capital Corp CO now owns 357,542 shares of the company’s stock worth $19,783,000 after purchasing an additional 24,508 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 19.5% in the third quarter. AE Wealth Management LLC now owns 3,117,992 shares of the company’s stock worth $172,519,000 after purchasing an additional 509,151 shares during the last quarter.

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

SPYV stock opened at $58.88 on Wednesday. The firm has a market cap of $33.08 billion, a PE ratio of 20.50 and a beta of 0.84. The business has a 50 day moving average of $57.88 and a 200-day moving average of $57.21. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $47.06 and a 12-month high of $59.75.

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. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.