SPDR Portfolio S&P 500 Value ETF $SPYV Stake Reduced by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE trimmed its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 44.5% in the first quarter, Holdings Channel.com reports. The fund owned 208,899 shares of the company’s stock after selling 167,733 shares during the period. SPDR Portfolio S&P 500 Value ETF comprises 1.8% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 16th biggest holding. Smithbridge Asset Management Inc. DE’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $11,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPYV. Asempa Wealth Advisors purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth approximately $945,000. ERn Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 4.9% in the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock worth $38,419,000 after purchasing an additional 31,736 shares during the period. Rockefeller Capital Management L.P. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 7.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 278,065 shares of the company’s stock worth $15,797,000 after purchasing an additional 18,366 shares during the period. CIBC Bancorp USA Inc. purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $10,928,000. Finally, Cobblestone Asset Management LLC grew its position in SPDR Portfolio S&P 500 Value ETF by 44.0% during the 4th quarter. Cobblestone Asset Management LLC now owns 243,084 shares of the company’s stock worth $13,810,000 after purchasing an additional 74,268 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.3%

Shares of NYSEARCA:SPYV opened at $61.00 on Thursday. The company’s fifty day moving average is $60.43 and its two-hundred day moving average is $58.75. The company has a market cap of $35.37 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $51.97 and a 12-month high of $61.87.

SPDR Portfolio S&P 500 Value ETF Company Profile

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. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.