Accredited Investors Inc. Has $43.33 Million Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Accredited Investors Inc. reduced its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 847,176 shares of the company’s stock after selling 16,645 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up approximately 2.5% of Accredited Investors Inc.’s investment portfolio, making the stock its 14th largest position. Accredited Investors Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $43,325,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Texas Yale Capital Corp. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth approximately $206,000. Faithward Advisors LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 16.1% during the fourth quarter. Faithward Advisors LLC now owns 41,348 shares of the company’s stock worth $2,115,000 after purchasing an additional 5,741 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 4.1% in the fourth quarter. Advisory Services Network LLC now owns 19,190 shares of the company’s stock valued at $981,000 after purchasing an additional 751 shares during the period. Bank of Montreal Can increased its position in SPDR Portfolio S&P 500 Value ETF by 440.1% during the fourth quarter. Bank of Montreal Can now owns 48,478 shares of the company’s stock worth $2,479,000 after buying an additional 39,503 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $830,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 6.8 %

NYSEARCA:SPYV opened at $48.16 on Thursday. The stock has a 50 day moving average of $51.16 and a 200-day moving average of $52.26. The firm has a market capitalization of $23.75 billion, a PE ratio of 21.49 and a beta of 0.93. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $44.39 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.