Redwood Financial Network Corp Increases Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Redwood Financial Network Corp increased its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,904 shares of the company’s stock after acquiring an additional 1,125 shares during the period. SPDR Portfolio S&P 500 ETF comprises 1.3% of Redwood Financial Network Corp’s holdings, making the stock its 19th largest position. Redwood Financial Network Corp’s holdings in SPDR Portfolio S&P 500 ETF were worth $1,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $26,000. Hemington Wealth Management bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $37,000. Clarity Asset Management Inc. purchased a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter worth $38,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter worth $39,000.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA:SPLG opened at $69.11 on Thursday. The firm’s 50-day moving average price is $64.74 and its 200-day moving average price is $68.23. The company has a market capitalization of $63.75 billion, a PE ratio of 24.62 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a 1-year low of $56.67 and a 1-year high of $72.14.

SPDR Portfolio S&P 500 ETF Company Profile

SPDR Russell 1000 ETF (the Fund), formerly SPDR Dow Jones Large Cap ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded the United States equity securities.