Wealth Enhancement Advisory Services LLC Trims Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 51.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 810,941 shares of the company’s stock after selling 845,563 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $40,628,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio S&P 500 Value ETF by 202.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,117,502 shares of the company’s stock worth $611,669,000 after purchasing an additional 8,776,348 shares during the period. Quotient Wealth Partners LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth about $109,990,000. Financial Gravity Asset Management Inc. grew its holdings in SPDR Portfolio S&P 500 Value ETF by 2,334.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,877,647 shares of the company’s stock worth $77,472,000 after purchasing an additional 1,800,505 shares during the period. First National Trust Co grew its holdings in SPDR Portfolio S&P 500 Value ETF by 159.5% in the fourth quarter. First National Trust Co now owns 2,299,997 shares of the company’s stock worth $107,249,000 after purchasing an additional 1,413,786 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 2,377.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 1,345,651 shares of the company’s stock worth $63,165,000 after purchasing an additional 1,291,334 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.1 %

SPYV traded down $0.05 during midday trading on Thursday, reaching $48.73. The company’s stock had a trading volume of 1,493,460 shares, compared to its average volume of 2,451,962. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 1 year low of $39.51 and a 1 year high of $50.20. The stock’s 50-day moving average is $48.93 and its 200-day moving average is $48.05.

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.