Financial Network Wealth Management LLC Has $6.56 Million Holdings in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Financial Network Wealth Management LLC decreased its position in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,290 shares of the company’s stock after selling 1,873 shares during the quarter. SPDR Portfolio S&P 500 Value ETF comprises approximately 2.3% of Financial Network Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Financial Network Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $6,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $31,000. Lindbrook Capital LLC lifted its stake in SPDR Portfolio S&P 500 Value ETF by 224.8% in the fourth quarter. Lindbrook Capital LLC now owns 695 shares of the company’s stock valued at $36,000 after buying an additional 481 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $44,000. Finally, Crewe Advisors LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 136.9% in the 4th quarter. Crewe Advisors LLC now owns 969 shares of the company’s stock valued at $50,000 after acquiring an additional 560 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.2 %

NYSEARCA:SPYV opened at $51.17 on Friday. The company has a fifty day moving average of $52.05 and a 200-day moving average of $52.56. The firm has a market capitalization of $25.05 billion, a P/E ratio of 21.43 and a beta of 0.93. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $47.22 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.