Verdence Capital Advisors LLC Sells 16,419 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Verdence Capital Advisors LLC reduced its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 42.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,527 shares of the company’s stock after selling 16,419 shares during the period. Verdence Capital Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,152,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $44,000. Crewe Advisors LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 136.9% during the 4th quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock worth $50,000 after purchasing an additional 560 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $53,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $51.93 on Thursday. The stock has a 50 day moving average price of $52.12 and a two-hundred day moving average price of $52.63. The firm has a market capitalization of $25.20 billion, a P/E ratio of 22.42 and a beta of 0.95. 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.