Avantax Planning Partners Inc. Cuts Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Avantax Planning Partners Inc. reduced its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 452,649 shares of the company’s stock after selling 12,861 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises approximately 0.8% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 23rd biggest holding. Avantax Planning Partners Inc. owned about 0.10% of SPDR Portfolio S&P 500 Value ETF worth $23,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 8.8% in the third quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock worth $2,069,502,000 after purchasing an additional 3,176,679 shares during the last quarter. Allworth Financial LP grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.3% during the fourth quarter. Allworth Financial LP now owns 20,370,433 shares of the company’s stock valued at $1,065,781,000 after buying an additional 69,747 shares during the last quarter. Valmark Advisers Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.3% during the fourth quarter. Valmark Advisers Inc. now owns 7,666,293 shares of the company’s stock valued at $392,054,000 after buying an additional 174,424 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock valued at $294,416,000 after buying an additional 286,795 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at $281,432,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV opened at $51.21 on Tuesday. The firm has a market capitalization of $24.85 billion, a PE ratio of 22.42 and a beta of 0.95. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $47.22 and a 1-year high of $55.42. The company’s fifty day moving average price is $52.12 and its 200-day moving average price is $52.65.

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.