NorthRock Partners LLC Sells 188,845 Shares of SPDR Portfolio S&P 500 Value ETF $SPYV

NorthRock Partners LLC reduced its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,436,679 shares of the company’s stock after selling 188,845 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 4.4% of NorthRock Partners LLC’s holdings, making the stock its 5th largest position. NorthRock Partners LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $245,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPYV. Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% in the 3rd quarter. Valmark Advisers Inc. now owns 8,508,257 shares of the company’s stock valued at $470,762,000 after purchasing an additional 236,642 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,456,598 shares of the company’s stock worth $412,574,000 after purchasing an additional 264,960 shares during the last quarter. UBS Group AG increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 10.0% during the 3rd quarter. UBS Group AG now owns 7,272,363 shares of the company’s stock worth $402,380,000 after purchasing an additional 662,367 shares in the last quarter. Bank of America Corp DE increased its position 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 in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 5,821,052 shares of the company’s stock valued at $304,674,000 after purchasing an additional 80,477 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.1%

NYSEARCA:SPYV opened at $56.71 on Friday. The firm has a market cap of $31.60 billion, a PE ratio of 20.50 and a beta of 0.89. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $44.39 and a 12 month high of $59.75. The company’s 50-day moving average price is $58.45 and its two-hundred day moving average price is $56.72.

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.