Fragasso Financial Advisors Inc Trims Stock Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Fragasso Financial Advisors Inc reduced its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 28.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,316 shares of the company’s stock after selling 2,465 shares during the period. Fragasso Financial Advisors Inc’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SPYV. Venturi Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth approximately $52,000. International Assets Investment Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $3,013,000. Arkadios Wealth Advisors boosted its position in SPDR Portfolio S&P 500 Value ETF by 6.2% during the 4th quarter. Arkadios Wealth Advisors now owns 15,716 shares of the company’s stock worth $733,000 after purchasing an additional 919 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 40.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 69,836 shares of the company’s stock worth $3,256,000 after acquiring an additional 20,079 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 6.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 76,917 shares of the company’s stock valued at $3,587,000 after buying an additional 4,966 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV stock traded up $0.39 on Tuesday, reaching $49.21. The company’s stock had a trading volume of 6,317,753 shares, compared to its average volume of 2,625,710. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $39.51 and a 52 week high of $51.43. The firm has a fifty day moving average of $49.41 and a two-hundred day moving average of $48.73. The company has a market capitalization of $21.33 billion, a P/E ratio of 24.09 and a beta of 0.81.

SPDR Portfolio S&P 500 Value ETF 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.