Brookstone Capital Management Sells 8,671 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Brookstone Capital Management lessened its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 3.0% in the first quarter, Holdings Channel reports. The institutional investor owned 279,843 shares of the company’s stock after selling 8,671 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $15,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asempa Wealth Advisors purchased a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $945,000. ERn Financial LLC increased 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 acquiring an additional 31,736 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $10,928,000. TIAA Trust National Association raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 13.3% in the 3rd quarter. TIAA Trust National Association now owns 4,330,027 shares of the company’s stock valued at $239,580,000 after acquiring an additional 506,795 shares in the last quarter. Finally, Cobblestone Asset Management LLC boosted its position in shares of 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 valued at $13,810,000 after acquiring an additional 74,268 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA SPYV opened at $60.87 on Monday. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $50.82 and a 12 month high of $61.87. The firm has a market capitalization of $34.21 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The business has a 50-day moving average of $60.07 and a 200-day moving average of $58.54.

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. 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.