Royal Bank of Canada Sells 1,706,209 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

Royal Bank of Canada lowered its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 28.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,298,247 shares of the company’s stock after selling 1,706,209 shares during the period. Royal Bank of Canada owned approximately 0.76% of SPDR Portfolio S&P 500 Value ETF worth $243,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPYV. Empowered Funds LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 295.9% in the first quarter. Empowered Funds LLC now owns 26,638 shares of the company’s stock worth $1,507,000 after purchasing an additional 19,909 shares during the last quarter. Evelyn Partners Asset Management Ltd purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at $46,000. The Manufacturers Life Insurance Company acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth $18,719,000. Quantinno Capital Management LP boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 35.3% in the 1st quarter. Quantinno Capital Management LP now owns 77,253 shares of the company’s stock worth $4,371,000 after purchasing an additional 20,163 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 175.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 366,709 shares of the company’s stock worth $20,748,000 after purchasing an additional 233,474 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPYV stock opened at $62.18 on Thursday. The stock’s fifty day moving average price is $61.26 and its 200 day moving average price is $59.40. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $51.97 and a 1-year high of $62.91. The company has a market cap of $36.24 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

About SPDR Portfolio S&P 500 Value ETF

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.