Wealth Alliance Raises Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Wealth Alliance lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,556 shares of the company’s stock after purchasing an additional 274 shares during the period. Wealth Alliance’s holdings in SPDR Portfolio S&P 500 ETF were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Advance Capital Management Inc. grew its holdings in SPDR Portfolio S&P 500 ETF by 121.0% during the 1st quarter. Advance Capital Management Inc. now owns 13,167,766 shares of the company’s stock valued at $810,213,000 after buying an additional 7,210,793 shares in the last quarter. Sumitomo Life Insurance Co. bought a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at $308,840,000. Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 94.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,405,094 shares of the company’s stock worth $469,845,000 after purchasing an additional 4,080,428 shares in the last quarter. Advocacy Wealth Management Services LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 168.5% during the first quarter. Advocacy Wealth Management Services LLC now owns 5,324,315 shares of the company’s stock valued at $327,605,000 after purchasing an additional 3,341,587 shares in the last quarter. Finally, LPL Financial LLC increased its holdings 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 worth $2,056,177,000 after purchasing an additional 2,389,144 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG opened at $67.04 on Friday. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $48.13 and a fifty-two week high of $67.39. The company’s fifty day moving average is $64.77 and its 200 day moving average is $62.84. The stock has a market capitalization of $39.09 billion, a PE ratio of 26.64 and a beta of 1.00.

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.