Ballast Advisors LLC Sells 1,351 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Ballast Advisors LLC reduced its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,722 shares of the company’s stock after selling 1,351 shares during the quarter. Ballast Advisors LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in SPDR Portfolio S&P 500 Value ETF by 37.9% during the first quarter. JPMorgan Chase & Co. now owns 33,696 shares of the company’s stock valued at $1,407,000 after purchasing an additional 9,258 shares during the period. Vontobel Holding Ltd. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 643.9% during the 1st quarter. Vontobel Holding Ltd. now owns 36,970 shares of the company’s stock valued at $1,543,000 after buying an additional 32,000 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 24.2% during the 1st quarter. Cetera Investment Advisers now owns 35,099 shares of the company’s stock valued at $1,465,000 after acquiring an additional 6,849 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth approximately $631,000. Finally, Baird Financial Group Inc. raised its stake in SPDR Portfolio S&P 500 Value ETF by 11.3% during the 1st quarter. Baird Financial Group Inc. now owns 217,240 shares of the company’s stock worth $9,070,000 after acquiring an additional 21,971 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV opened at $47.64 on Tuesday. The company has a 50 day simple moving average of $48.49 and a two-hundred day simple moving average of $45.67. The firm has a market cap of $20.42 billion, a P/E ratio of 23.06 and a beta of 0.88. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $39.51 and a 1-year high of $50.20.

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.