IndexIQ Advisors LLC decreased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Get Rating) by 53.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,260 shares of the company’s stock after selling 3,731 shares during the period. IndexIQ Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $136,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of SPYV. MCF Advisors LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the first quarter valued at $25,000. Smith Moore & CO. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth about $26,000. Harbor Investment Advisory LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $28,000. Finally, Leelyn Smith LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth about $37,000.
SPDR Portfolio S&P 500 Value ETF Trading Up 1.4 %
SPYV stock opened at $40.15 on Friday. The firm has a 50 day moving average price of $37.81 and a 200-day moving average price of $39.71. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $35.62 and a 52-week high of $42.99.
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.
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Read More: IndexIQ Advisors LLC Sells 3,731 Shares of SPDR Portfolio S&P 500 Value ETF