Riversedge Advisors LLC Sells 16,158 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Riversedge Advisors LLC lowered its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 465,712 shares of the company’s stock after selling 16,158 shares during the period. SPDR Portfolio S&P 500 Value ETF makes up about 4.3% of Riversedge Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Riversedge Advisors LLC owned approximately 0.08% of SPDR Portfolio S&P 500 Value ETF worth $26,457,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vantagepoint Investment Advisers LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth $246,963,000. Allworth Financial LP lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 16.1% during the third quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock valued at $1,068,593,000 after purchasing an additional 2,682,951 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5,144.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,807,047 shares of the company’s stock valued at $94,581,000 after purchasing an additional 1,772,591 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at $68,850,000. Finally, Corient Private Wealth LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 103.6% in the 2nd quarter. Corient Private Wealth LLC now owns 1,838,839 shares of the company’s stock valued at $96,245,000 after purchasing an additional 935,644 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Down 1.0%

Shares of SPYV opened at $55.84 on Friday. The business’s 50-day moving average price is $58.33 and its 200 day moving average price is $56.79. The stock has a market capitalization of $31.12 billion, a P/E ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $44.39 and a 1-year 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.