JPMorgan Chase & Co. Sells 128,971 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

JPMorgan Chase & Co. lowered its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,440,752 shares of the company’s stock after selling 128,971 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $278,240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPYV. Park Place Capital Corp bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth $31,000. Lindbrook Capital LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 224.8% in the fourth quarter. Lindbrook Capital LLC now owns 695 shares of the company’s stock valued at $36,000 after buying an additional 481 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter valued at about $37,000. Angeles Investment Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $41,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth about $44,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of NYSEARCA SPYV opened at $50.63 on Monday. The firm’s 50-day simple moving average is $52.04 and its 200 day simple moving average is $52.55. The stock has a market cap of $24.97 billion, a price-to-earnings ratio of 21.49 and a beta of 0.93. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $47.22 and a fifty-two week high of $55.42.

SPDR Portfolio S&P 500 Value ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.1798 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.