Brookstone Capital Management Trims Stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Brookstone Capital Management lessened its holdings in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,129 shares of the company’s stock after selling 18,040 shares during the quarter. Brookstone Capital Management owned about 0.08% of SPDR Portfolio S&P 500 Value ETF worth $18,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 227.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock worth $28,000 after buying an additional 404 shares in the last quarter. Crewe Advisors LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the first quarter valued at $29,000. Olistico Wealth LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the second quarter valued at about $30,000. EdgeRock Capital LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth about $30,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at about $35,000.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.2 %

Shares of NYSEARCA SPYV opened at $52.44 on Wednesday. The stock has a market cap of $22.73 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The stock’s 50-day moving average is $51.58 and its 200 day moving average is $49.99. SPDR Portfolio S&P 500 Value ETF has a 1-year low of $39.51 and a 1-year high of $52.98.

SPDR Portfolio S&P 500 Value ETF Profile

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.