Asset Dedication LLC Sells 825 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Asset Dedication LLC lessened its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 40.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,212 shares of the company’s stock after selling 825 shares during the period. Asset Dedication LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SPYV. Sei Investments Co. raised its position in SPDR Portfolio S&P 500 Value ETF by 40.5% in the second quarter. Sei Investments Co. now owns 10,772 shares of the company’s stock worth $525,000 after purchasing an additional 3,106 shares in the last quarter. Creative Planning boosted its position in SPDR Portfolio S&P 500 Value ETF by 23.1% in the second 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 in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in SPDR Portfolio S&P 500 Value ETF by 128.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 15,839 shares of the company’s stock worth $772,000 after buying an additional 8,919 shares during the last quarter. Truist Financial Corp raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.3% in the second quarter. Truist Financial Corp now owns 305,488 shares of the company’s stock valued at $14,889,000 after acquiring an additional 3,833 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth approximately $3,218,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $52.89 on Friday. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The stock has a fifty day moving average price of $52.63 and a two-hundred day moving average price of $52.22. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $46.42 and a 52-week high of $55.42.

SPDR Portfolio S&P 500 Value ETF Company 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.