Stifel Financial Corp Invests $1.19 Million in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Stifel Financial Corp bought a new position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,137 shares of the company’s stock, valued at approximately $1,193,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its holdings in SPDR Portfolio S&P 500 ETF by 55.2% in the 4th quarter. LPL Financial LLC now owns 5,285,033 shares of the company’s stock worth $232,330,000 after purchasing an additional 1,878,912 shares during the period. Financial Advocates Investment Management raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.0% during the fourth quarter. Financial Advocates Investment Management now owns 709,121 shares of the company’s stock valued at $31,173,000 after acquiring an additional 20,480 shares during the last quarter. IAG Wealth Partners LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 8.8% during the fourth quarter. IAG Wealth Partners LLC now owns 556,755 shares of the company’s stock valued at $24,475,000 after acquiring an additional 45,162 shares during the last quarter. USAdvisors Wealth Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $5,010,000. Finally, Kalos Management Inc. grew its position in shares of SPDR Portfolio S&P 500 ETF by 38.0% in the fourth quarter. Kalos Management Inc. now owns 20,948 shares of the company’s stock valued at $931,000 after purchasing an additional 5,763 shares in the last quarter.

SPLG stock opened at $47.81 on Thursday. The business has a 50 day simple moving average of $45.99 and a 200-day simple moving average of $43.31. SPDR Portfolio S&P 500 ETF has a 1 year low of $31.20 and a 1 year high of $47.87.

About SPDR Portfolio S&P 500 ETF

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.

Further Reading: Arbitrage

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Institutional Ownership by Quarter for SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

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