Freedom Investment Management Inc. Cuts Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Freedom Investment Management Inc. cut its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,183 shares of the company’s stock after selling 3,210 shares during the quarter. Freedom Investment Management Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $5,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $31,000. Lindbrook Capital LLC boosted its position 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 acquiring an additional 481 shares during the last quarter. Angeles Investment Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at $41,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $44,000. Finally, Crewe Advisors LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 136.9% in the fourth quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock worth $50,000 after purchasing an additional 560 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.2 %

Shares of SPYV opened at $47.54 on Friday. The stock has a market capitalization of $23.60 billion, a P/E ratio of 20.50 and a beta of 0.88. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $44.39 and a twelve month high of $55.42. The firm has a fifty day simple moving average of $50.60 and a two-hundred day simple moving average of $52.06.

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.