Gradient Investments LLC Boosts Position in SPDR Portfolio S&P 500 ETF $SPLG

Gradient Investments LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,749,672 shares of the company’s stock after buying an additional 194,831 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises approximately 4.9% of Gradient Investments LLC’s investment portfolio, making the stock its largest holding. Gradient Investments LLC owned about 0.34% of SPDR Portfolio S&P 500 ETF worth $293,749,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 49 Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 23.9% during the second quarter. 49 Wealth Management LLC now owns 1,593,630 shares of the company’s stock valued at $115,841,000 after purchasing an additional 307,109 shares during the period. Advisors Capital Management LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 7.3% in the 1st quarter. Advisors Capital Management LLC now owns 6,848 shares of the company’s stock valued at $450,000 after buying an additional 468 shares during the period. Fiduciary Alliance LLC bought a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at about $660,000. Vise Technologies Inc. bought a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at about $1,188,000. Finally, Fortitude Financial LLC raised its stake in SPDR Portfolio S&P 500 ETF by 101.7% during the 1st quarter. Fortitude Financial LLC now owns 436,977 shares of the company’s stock worth $28,736,000 after buying an additional 220,281 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA:SPLG opened at $80.09 on Wednesday. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.67 and a 52-week high of $81.14. The business’s 50 day simple moving average is $79.42 and its two-hundred day simple moving average is $76.26. The firm has a market cap of $95.31 billion, a P/E ratio of 25.61 and a beta of 1.00.

SPDR Portfolio S&P 500 ETF 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.