Redwood Financial Network Corp Grows Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Redwood Financial Network Corp increased its stake in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.2% in the second quarter, Holdings Channel reports. The institutional investor owned 26,303 shares of the company’s stock after acquiring an additional 314 shares during the quarter. SPDR Portfolio S&P 500 Value ETF accounts for about 1.1% of Redwood Financial Network Corp’s portfolio, making the stock its 25th largest position. Redwood Financial Network Corp’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $1,282,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $29,000. Olistico Wealth LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF in the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the second quarter valued at approximately $30,000. Salem Investment Counselors Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at approximately $35,000. Finally, Vima LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at $36,000.

SPDR Portfolio S&P 500 Value ETF Stock Up 1.1 %

Shares of NYSEARCA:SPYV opened at $51.78 on Tuesday. The company has a market cap of $22.44 billion, a PE ratio of 24.09 and a beta of 0.81. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $39.51 and a fifty-two week high of $52.61. The firm has a 50-day simple moving average of $50.50 and a 200 day simple moving average of $49.45.

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.