JNBA Financial Advisors Reduces Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

JNBA Financial Advisors trimmed its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,839 shares of the company’s stock after selling 10,229 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises 0.8% of JNBA Financial Advisors’ holdings, making the stock its 25th largest position. JNBA Financial Advisors’ holdings in SPDR Portfolio S&P 500 Value ETF were worth $8,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPYV. CENTRAL TRUST Co raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 199.4% during the third quarter. CENTRAL TRUST Co now owns 491 shares of the company’s stock worth $26,000 after purchasing an additional 327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 227.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after buying an additional 404 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $29,000. Olistico Wealth LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter worth about $30,000. Finally, EdgeRock Capital LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the second quarter worth about $30,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 1.7 %

SPDR Portfolio S&P 500 Value ETF stock traded up $0.92 during mid-day trading on Wednesday, hitting $53.58. The company had a trading volume of 757,614 shares, compared to its average volume of 2,609,566. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $41.80 and a 12-month high of $54.03. The company’s fifty day moving average is $52.56 and its 200-day moving average is $50.58.

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.