49 Wealth Management LLC Raises Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

49 Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 574.7% in the third quarter, Holdings Channel reports. The institutional investor owned 847,450 shares of the company’s stock after buying an additional 721,845 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for about 9.3% of 49 Wealth Management LLC’s holdings, making the stock its 2nd biggest position. 49 Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $57,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Summit Financial Strategies Inc. boosted its position in shares of SPDR Portfolio S&P 500 ETF by 1.8% during the third quarter. Summit Financial Strategies Inc. now owns 8,790 shares of the company’s stock valued at $593,000 after buying an additional 155 shares during the last quarter. My Personal CFO LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.5% during the 3rd quarter. My Personal CFO LLC now owns 30,906 shares of the company’s stock valued at $2,086,000 after acquiring an additional 158 shares during the last quarter. Hofer & Associates. Inc grew its stake in shares of SPDR Portfolio S&P 500 ETF by 1.2% in the second quarter. Hofer & Associates. Inc now owns 13,457 shares of the company’s stock worth $861,000 after acquiring an additional 166 shares during the period. Narus Financial Partners LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.7% during the second quarter. Narus Financial Partners LLC now owns 24,955 shares of the company’s stock valued at $1,597,000 after purchasing an additional 167 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in SPDR Portfolio S&P 500 ETF by 0.7% during the third quarter. Sigma Planning Corp now owns 24,240 shares of the company’s stock valued at $1,636,000 after purchasing an additional 170 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG opened at $69.83 on Friday. SPDR Portfolio S&P 500 ETF has a one year low of $53.31 and a one year high of $70.59. The business has a fifty day moving average of $67.99 and a 200 day moving average of $65.27. The firm has a market capitalization of $40.72 billion, a P/E ratio of 26.64 and a beta of 1.00.

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.