Independent Wealth Network Inc. Sells 61,298 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Independent Wealth Network Inc. cut its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 40.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 90,734 shares of the company’s stock after selling 61,298 shares during the quarter. SPDR Portfolio S&P 500 Value ETF makes up approximately 1.5% of Independent Wealth Network Inc.’s holdings, making the stock its 10th biggest holding. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $5,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.5% in the fourth quarter. Empirical Asset Management LLC now owns 12,628 shares of the company’s stock worth $717,000 after acquiring an additional 183 shares during the last quarter. Fiduciary Group LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 3.8% during the 3rd quarter. Fiduciary Group LLC now owns 5,070 shares of the company’s stock valued at $281,000 after purchasing an additional 185 shares during the last quarter. Principle Wealth Partners LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 4.2% during the 4th quarter. Principle Wealth Partners LLC now owns 4,725 shares of the company’s stock valued at $268,000 after purchasing an additional 191 shares during the last quarter. Note Advisors LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 4.9% during the 3rd quarter. Note Advisors LLC now owns 4,145 shares of the company’s stock valued at $229,000 after purchasing an additional 195 shares during the last quarter. Finally, PMG Wealth Management Inc. increased its position in SPDR Portfolio S&P 500 Value ETF by 1.8% during the 1st quarter. PMG Wealth Management Inc. now owns 11,068 shares of the company’s stock worth $626,000 after purchasing an additional 201 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of NYSEARCA:SPYV opened at $60.55 on Friday. The company has a market cap of $34.03 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The firm has a 50 day simple moving average of $60.27 and a 200 day simple moving average of $58.65. SPDR Portfolio S&P 500 Value ETF has a one year low of $51.70 and a one year high of $61.87.

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.