Pacific Financial Group Inc. Sells 2,389 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Pacific Financial Group Inc. cut its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 2.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 87,483 shares of the company’s stock after selling 2,389 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for approximately 3.6% of Pacific Financial Group Inc.’s portfolio, making the stock its 10th largest position. Pacific Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $4,468,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Donaldson Capital Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth approximately $221,000. Wealth Enhancement Advisory Services LLC raised its holdings in SPDR Portfolio S&P 500 Value ETF by 172.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,534,578 shares of the company’s stock valued at $180,511,000 after buying an additional 2,237,528 shares during the period. Harbour Investments Inc. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 7.9% in the fourth quarter. Harbour Investments Inc. now owns 93,341 shares of the company’s stock valued at $4,773,000 after buying an additional 6,822 shares during the period. CENTRAL TRUST Co raised its holdings in SPDR Portfolio S&P 500 Value ETF by 746.5% in the first quarter. CENTRAL TRUST Co now owns 1,583 shares of the company’s stock valued at $81,000 after buying an additional 1,396 shares during the period. Finally, Wrapmanager Inc. raised its holdings in SPDR Portfolio S&P 500 Value ETF by 0.6% in the fourth quarter. Wrapmanager Inc. now owns 208,554 shares of the company’s stock valued at $10,665,000 after buying an additional 1,214 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Performance

NYSEARCA SPYV opened at $51.38 on Tuesday. SPDR Portfolio S&P 500 Value ETF has a one year low of $44.39 and a one year high of $55.42. The company’s 50 day moving average price is $50.13 and its 200 day moving average price is $50.96. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 20.36 and a beta of 0.88.

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.