PAX Financial Group LLC Reduces Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

PAX Financial Group LLC lowered its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,089 shares of the company’s stock after selling 5,558 shares during the period. SPDR Portfolio S&P 500 Value ETF makes up approximately 1.7% of PAX Financial Group LLC’s investment portfolio, making the stock its 11th biggest holding. PAX Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $9,619,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $281,432,000. Horizon Investments LLC increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 300.5% during the fourth quarter. Horizon Investments LLC now owns 5,797,361 shares of the company’s stock worth $296,477,000 after acquiring an additional 4,349,903 shares during the period. LPL Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5.8% during the fourth quarter. LPL Financial LLC now owns 41,404,616 shares of the company’s stock valued at $2,117,432,000 after acquiring an additional 2,253,997 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 105.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,312,481 shares of the company’s stock valued at $169,400,000 after purchasing an additional 1,696,888 shares during the period. Finally, Independent Advisor Alliance grew its stake in SPDR Portfolio S&P 500 Value ETF by 6,012.4% in the fourth quarter. Independent Advisor Alliance now owns 1,553,951 shares of the company’s stock worth $79,469,000 after purchasing an additional 1,528,528 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 4.2 %

SPYV opened at $49.14 on Friday. The stock’s fifty day moving average is $51.91 and its two-hundred day moving average is $52.50. The company has a market capitalization of $24.23 billion, a P/E ratio of 21.49 and a beta of 0.93. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $47.22 and a 52 week high of $55.42.

SPDR Portfolio S&P 500 Value ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid 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.