Diversified Portfolios Inc. Cuts Stock Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Diversified Portfolios Inc. trimmed its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 10.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 23,062 shares of the company’s stock after selling 2,800 shares during the period. Diversified Portfolios Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at approximately $33,000. Wood Tarver Financial Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $35,000. Lindbrook Capital LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 224.8% during the 4th quarter. Lindbrook Capital LLC now owns 695 shares of the company’s stock valued at $36,000 after purchasing an additional 481 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 81.3% during the 4th quarter. Deutsche Bank AG now owns 725 shares of the company’s stock valued at $37,000 after purchasing an additional 325 shares in the last quarter. Finally, Angeles Investment Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $41,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

NYSEARCA:SPYV opened at $51.24 on Monday. The firm has a market cap of $26.04 billion, a price-to-earnings ratio of 20.36 and a beta of 0.88. The company has a 50 day moving average price of $50.07 and a 200-day moving average price of $50.98. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $44.39 and a 1-year high of $55.42.

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.