Synovus Financial Corp Increases Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Synovus Financial Corp grew its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 119.8% during the third quarter, Holdings Channel reports. The firm owned 14,122 shares of the company’s stock after purchasing an additional 7,698 shares during the quarter. Synovus Financial Corp’s holdings in SPDR Portfolio S&P 500 ETF were worth $953,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in SPDR Portfolio S&P 500 ETF by 154.4% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after buying an additional 4,585,000 shares during the period. Sumitomo Life Insurance Co. increased its position in shares of SPDR Portfolio S&P 500 ETF by 50.1% during the third quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock worth $515,952,000 after acquiring an additional 2,550,000 shares during the period. LPL Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 8.0% in the second quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock valued at $2,056,177,000 after acquiring an additional 2,389,144 shares in the last quarter. World Investment Advisors LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 908.3% in the third quarter. World Investment Advisors LLC now owns 1,695,058 shares of the company’s stock valued at $114,433,000 after acquiring an additional 1,526,942 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in SPDR Portfolio S&P 500 ETF in the second quarter valued at $82,572,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA SPLG opened at $71.38 on Tuesday. The company has a market cap of $41.63 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The stock’s 50-day moving average is $69.37 and its two-hundred day moving average is $66.38. SPDR Portfolio S&P 500 ETF has a 1-year low of $54.87 and a 1-year high of $71.64.

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.