New Century Financial Group LLC Has $1.58 Million Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

New Century Financial Group LLC cut its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 24.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,844 shares of the company’s stock after selling 10,018 shares during the quarter. New Century Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,582,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 199.4% during the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the last quarter. Park Place Capital Corp acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth $31,000. ORG Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth $33,000. Legacy Investment Solutions LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $37,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $44,000.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.6 %

NYSEARCA:SPYV opened at $52.65 on Friday. The stock’s fifty day simple moving average is $52.71 and its 200-day simple moving average is $52.10. The firm has a market capitalization of $22.82 billion, a P/E ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $46.36 and a 12-month 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.