ETF Store Inc. Reduces Stock Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

ETF Store Inc. cut its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 20.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,363 shares of the company’s stock after selling 1,106 shares during the quarter. ETF Store Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $213,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SPYV. Narus Financial Partners LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 2.8% during the second quarter. Narus Financial Partners LLC now owns 7,246 shares of the company’s stock worth $353,000 after acquiring an additional 197 shares during the period. Trueblood Wealth Management LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 2.5% during the first quarter. Trueblood Wealth Management LLC now owns 8,885 shares of the company’s stock worth $445,000 after buying an additional 217 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 34.3% in the fourth quarter. Tortoise Investment Management LLC now owns 900 shares of the company’s stock valued at $42,000 after purchasing an additional 230 shares during the period. Breakwater Capital Group boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 0.4% in the first quarter. Breakwater Capital Group now owns 57,997 shares of the company’s stock valued at $2,906,000 after purchasing an additional 243 shares during the period. Finally, Cascade Investment Advisors Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.5% in the first quarter. Cascade Investment Advisors Inc. now owns 7,330 shares of the company’s stock valued at $367,000 after purchasing an additional 250 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.8 %

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $51.70 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $39.51 and a 52-week high of $52.61. The company has a 50 day moving average of $50.32 and a 200 day moving average of $49.35. The company has a market capitalization of $22.41 billion, a P/E ratio of 24.09 and a beta of 0.81.

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.