TAP Consulting LLC Decreases Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

TAP Consulting LLC cut its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,048 shares of the company’s stock after selling 21,049 shares during the quarter. TAP Consulting LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TIAA Trust National Association purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $117,938,000. Bank of New York Mellon Corp raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 20,880.6% during the third quarter. Bank of New York Mellon Corp now owns 2,845,804 shares of the company’s stock valued at $117,418,000 after purchasing an additional 2,832,240 shares during the period. Financial Gravity Asset Management Inc. lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2,334.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,877,647 shares of the company’s stock worth $77,472,000 after purchasing an additional 1,800,505 shares in the last quarter. LPL Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 6.4% during the third quarter. LPL Financial LLC now owns 28,124,602 shares of the company’s stock worth $1,160,421,000 after purchasing an additional 1,687,275 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.1% in the third quarter. Financial Engines Advisors L.L.C. now owns 73,483,846 shares of the company’s stock valued at $3,031,943,000 after purchasing an additional 1,485,730 shares during the period.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV traded down $0.12 during trading hours on Thursday, reaching $48.42. 2,576,701 shares of the stock traded hands, compared to its average volume of 2,664,431. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $39.51 and a fifty-two week high of $50.20. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 23.06 and a beta of 0.88. The firm’s fifty day simple moving average is $48.63 and its two-hundred day simple moving average is $46.00.

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.