Redwood Investment Management LLC Boosts Position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Redwood Investment Management LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 383.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 511,184 shares of the company’s stock after acquiring an additional 405,447 shares during the period. SPDR Portfolio S&P 500 Value ETF accounts for about 2.5% of Redwood Investment Management LLC’s portfolio, making the stock its 8th largest position. Redwood Investment Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $26,142,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Quantinno Capital Management LP bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth approximately $950,000. NorthRock Partners LLC boosted its position in SPDR Portfolio S&P 500 Value ETF by 167.3% in the 4th quarter. NorthRock Partners LLC now owns 4,406,510 shares of the company’s stock valued at $225,349,000 after buying an additional 2,757,825 shares during the period. Janus Henderson Group PLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth $1,785,000. Focus Partners Wealth raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 8.8% in the fourth quarter. Focus Partners Wealth now owns 189,635 shares of the company’s stock valued at $9,730,000 after acquiring an additional 15,324 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 81.3% in the 4th quarter. Deutsche Bank AG now owns 725 shares of the company’s stock worth $37,000 after purchasing an additional 325 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $50.55 on Thursday. The company has a market capitalization of $25.44 billion, a PE ratio of 21.00 and a beta of 0.89. 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 has a 50-day simple moving average of $49.33 and a two-hundred day simple moving average of $51.55.

SPDR Portfolio S&P 500 Value ETF Company 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.