Absolute Capital Management LLC Invests $3.14 Million in SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU)

Absolute Capital Management LLC bought a new position in shares of SPDR S&P 1500 Value Tilt ETF (NYSEARCA:VLU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,600 shares of the company’s stock, valued at approximately $3,141,000. SPDR S&P 1500 Value Tilt ETF accounts for approximately 2.9% of Absolute Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Absolute Capital Management LLC owned approximately 1.22% of SPDR S&P 1500 Value Tilt ETF at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VLU. Commonwealth Equity Services LLC increased its position in shares of SPDR S&P 1500 Value Tilt ETF by 3.6% during the third quarter. Commonwealth Equity Services LLC now owns 10,122 shares of the company’s stock worth $1,463,000 after acquiring an additional 349 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in SPDR S&P 1500 Value Tilt ETF by 18.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 39,629 shares of the company’s stock valued at $5,729,000 after buying an additional 6,172 shares during the period. Raymond James & Associates increased its holdings in SPDR S&P 1500 Value Tilt ETF by 4.5% during the third quarter. Raymond James & Associates now owns 11,307 shares of the company’s stock valued at $1,635,000 after buying an additional 490 shares during the period. J.W. Cole Advisors Inc. increased its holdings in SPDR S&P 1500 Value Tilt ETF by 7.7% during the third quarter. J.W. Cole Advisors Inc. now owns 11,017 shares of the company’s stock valued at $1,593,000 after buying an additional 789 shares during the period. Finally, ShoreHaven Wealth Partners LLC purchased a new position in SPDR S&P 1500 Value Tilt ETF during the third quarter valued at approximately $934,000.

SPDR S&P 1500 Value Tilt ETF Stock Up 0.3 %

Shares of VLU stock opened at $169.08 on Friday. The firm has a market cap of $334.78 million, a price-to-earnings ratio of 16.62 and a beta of 0.90. The company’s 50 day moving average is $169.83 and its 200 day moving average is $159.60. SPDR S&P 1500 Value Tilt ETF has a 52-week low of $137.59 and a 52-week high of $175.72.

About SPDR S&P 1500 Value Tilt ETF

The SPDR S&P 1500 Value Tilt ETF (VLU) is an exchange-traded fund that is based on the S&P 1500 Low Valuation Tilt index. The fund tracks an index that weights securities according to a combination of fundamental factors, and aims to find those with lower prices relative to valuations. VLU was launched on Oct 24, 2012 and is managed by State Street.