Clark Capital Management Group Inc. Decreases Stock Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Clark Capital Management Group Inc. trimmed its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 80.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 621,372 shares of the company’s stock after selling 2,589,665 shares during the period. Clark Capital Management Group Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $31,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Demars Financial Group LLC raised its stake in SPDR Portfolio S&P 500 Value ETF by 5,184.5% in the fourth quarter. Demars Financial Group LLC now owns 16,144,971 shares of the company’s stock worth $825,654,000 after buying an additional 15,839,453 shares in the last quarter. Raymond James Financial Inc. purchased a new position in SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth $281,432,000. Horizon Investments LLC raised its stake in SPDR Portfolio S&P 500 Value ETF by 300.5% in the fourth quarter. Horizon Investments LLC now owns 5,797,361 shares of the company’s stock valued at $296,477,000 after buying an additional 4,349,903 shares during the last quarter. LPL Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 5.8% in the 4th quarter. LPL Financial LLC now owns 41,404,616 shares of the company’s stock worth $2,117,432,000 after purchasing an additional 2,253,997 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 105.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,312,481 shares of the company’s stock valued at $169,400,000 after acquiring an additional 1,696,888 shares during the period.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.5 %

Shares of NYSEARCA:SPYV opened at $49.72 on Friday. The company has a market cap of $24.69 billion, a PE ratio of 20.50 and a beta of 0.88. The company’s 50 day moving average is $49.43 and its 200 day moving average is $51.62. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $44.39 and a twelve month high of $55.42.

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.