MidAtlantic Capital Management Inc. Cuts Stock Position in SPDR Portfolio S&P 500 Value ETF $SPYV

MidAtlantic Capital Management Inc. lessened its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,429 shares of the company’s stock after selling 11,671 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for 2.6% of MidAtlantic Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. MidAtlantic Capital Management Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $3,786,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in SPDR Portfolio S&P 500 Value ETF by 2.6% during the second quarter. Allworth Financial LP now owns 16,630,130 shares of the company’s stock worth $870,421,000 after buying an additional 422,591 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock valued at $470,762,000 after acquiring an additional 236,642 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,191,638 shares of the company’s stock worth $376,410,000 after purchasing an additional 390,643 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 6,478,462 shares of the company’s stock worth $339,083,000 after purchasing an additional 337,506 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock worth $304,674,000 after purchasing an additional 80,477 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.6%

Shares of NYSEARCA SPYV opened at $58.99 on Friday. The stock has a fifty day simple moving average of $57.83 and a two-hundred day simple moving average of $56.01. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $44.39 and a 1-year high of $59.75. The firm has a market cap of $32.88 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89.

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.