Alesco Advisors LLC Reduces Stock Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Alesco Advisors LLC lowered its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 65.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 903,292 shares of the company’s stock after selling 1,678,217 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises about 1.5% of Alesco Advisors LLC’s holdings, making the stock its 16th biggest holding. Alesco Advisors LLC owned approximately 0.24% of SPDR Portfolio S&P 500 Value ETF worth $42,120,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPYV. BKM Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $28,000. Sunbelt Securities Inc. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 165.5% during the third quarter. Sunbelt Securities Inc. now owns 855 shares of the company’s stock worth $35,000 after buying an additional 533 shares during the period. Aptus Capital Advisors LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 377.4% during the third quarter. Aptus Capital Advisors LLC now owns 931 shares of the company’s stock worth $38,000 after buying an additional 736 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 999 shares of the company’s stock worth $41,000 after buying an additional 344 shares during the period.

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

SPYV stock traded down $0.11 during mid-day trading on Friday, hitting $48.31. 1,571,792 shares of the company were exchanged, compared to its average volume of 2,650,943. The firm has a market capitalization of $20.70 billion, a P/E ratio of 23.06 and a beta of 0.88. The business has a fifty day simple moving average of $48.64 and a 200-day simple moving average of $46.05. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $39.51 and a 12-month 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.