Phillips Financial Management LLC Sells 1,671 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Phillips Financial Management LLC trimmed its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 63.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 974 shares of the company’s stock after selling 1,671 shares during the period. Phillips Financial Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 9.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,331,128 shares of the company’s stock valued at $68,074,000 after acquiring an additional 110,288 shares in the last quarter. DecisionMap Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at approximately $3,515,000. Penobscot Wealth Management grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 4.1% during the 4th quarter. Penobscot Wealth Management now owns 102,146 shares of the company’s stock worth $5,224,000 after purchasing an additional 4,033 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 3.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 350,328 shares of the company’s stock valued at $17,916,000 after buying an additional 12,909 shares in the last quarter. Finally, Liberty Wealth Management LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 14.4% in the 4th quarter. Liberty Wealth Management LLC now owns 7,821 shares of the company’s stock valued at $400,000 after purchasing an additional 987 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $49.78 on Friday. The stock has a fifty day moving average price of $52.07 and a two-hundred day moving average price of $52.60. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $47.22 and a 52-week high of $55.42. The company has a market cap of $24.37 billion, a price-to-earnings ratio of 21.43 and a beta of 0.93.

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.