Financial Network Wealth Management LLC Sells 1,873 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Financial Network Wealth Management LLC reduced its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,290 shares of the company’s stock after selling 1,873 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for about 2.3% of Financial Network Wealth Management LLC’s holdings, making the stock its 11th biggest holding. Financial Network Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $6,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPYV. Raymond James Financial Inc. bought a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $281,432,000. Horizon Investments LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 300.5% in the fourth quarter. Horizon Investments LLC now owns 5,797,361 shares of the company’s stock valued at $296,477,000 after buying an additional 4,349,903 shares during the period. LPL Financial LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 8.8% in the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock valued at $2,069,502,000 after buying an additional 3,176,679 shares during the last quarter. Bank of New York Mellon Corp boosted its position in SPDR Portfolio S&P 500 Value ETF by 105.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,312,481 shares of the company’s stock worth $169,400,000 after buying an additional 1,696,888 shares during the period. Finally, Independent Advisor Alliance grew its holdings in SPDR Portfolio S&P 500 Value ETF by 6,012.4% during the 4th quarter. Independent Advisor Alliance now owns 1,553,951 shares of the company’s stock worth $79,469,000 after acquiring an additional 1,528,528 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV stock opened at $51.17 on Friday. The company has a market capitalization of $25.05 billion, a P/E ratio of 21.43 and a beta of 0.93. The company has a fifty day moving average price of $52.05 and a 200-day moving average price of $52.56. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $47.22 and a 52-week high of $55.42.

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.