Principal Securities Inc. Sells 597,717 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Principal Securities Inc. decreased its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 97.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,215 shares of the company’s stock after selling 597,717 shares during the period. Principal Securities Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co lifted its position in SPDR Portfolio S&P 500 Value ETF by 199.4% during the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock valued at $26,000 after purchasing an additional 327 shares during the last quarter. Park Place Capital Corp bought a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at $31,000. Legacy Investment Solutions LLC bought a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter valued at $37,000. MassMutual Private Wealth & Trust FSB bought a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at $44,000. Finally, Crewe Advisors LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 136.9% during the fourth quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock valued at $50,000 after purchasing an additional 560 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV stock opened at $53.19 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $47.22 and a 52 week high of $55.42. The company has a fifty day simple moving average of $52.05 and a two-hundred day simple moving average of $52.45. The firm has a market capitalization of $23.05 billion, a P/E ratio of 24.09 and a beta of 0.81.

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.