Assetmark Inc. Trims Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Assetmark Inc. cut its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 16.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 305,242 shares of the company’s stock after selling 59,090 shares during the quarter. Assetmark Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $16,135,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co grew its stake in SPDR Portfolio S&P 500 Value ETF by 199.4% in the 3rd quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares during the period. Crewe Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the first quarter valued at $29,000. Olistico Wealth LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF in the second quarter valued at $30,000. Finally, EdgeRock Capital LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the second quarter worth about $30,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV opened at $54.14 on Monday. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $41.80 and a 12 month high of $54.28. The business has a 50-day moving average of $52.67 and a two-hundred day moving average of $50.68. The stock has a market capitalization of $23.46 billion, a price-to-earnings 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.