Avidian Wealth Enterprises LLC Buys 275,942 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Avidian Wealth Enterprises LLC raised its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039,233 shares of the company’s stock after acquiring an additional 275,942 shares during the period. SPDR Portfolio S&P 500 ETF accounts for approximately 3.1% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 4th largest position. Avidian Wealth Enterprises LLC owned approximately 0.09% of SPDR Portfolio S&P 500 ETF worth $81,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPLG. Cornerstone Wealth Group LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 27.8% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 161,452 shares of the company’s stock valued at $12,648,000 after purchasing an additional 35,149 shares during the period. Chicago Partners Investment Group LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 11.2% in the third quarter. Chicago Partners Investment Group LLC now owns 190,906 shares of the company’s stock valued at $15,429,000 after buying an additional 19,305 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management lifted its stake in SPDR Portfolio S&P 500 ETF by 5.4% in the third quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 252,792 shares of the company’s stock valued at $19,804,000 after buying an additional 13,009 shares during the last quarter. Global View Capital Management LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.3% in the third quarter. Global View Capital Management LLC now owns 614,439 shares of the company’s stock valued at $48,135,000 after acquiring an additional 8,118 shares during the period. Finally, Inscription Capital LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 3.5% during the third quarter. Inscription Capital LLC now owns 4,263 shares of the company’s stock worth $334,000 after acquiring an additional 146 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG stock opened at $81.38 on Wednesday. The company has a market cap of $96.85 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The company has a fifty day moving average price of $80.26 and a 200 day moving average price of $77.97. SPDR Portfolio S&P 500 ETF has a 12 month low of $56.67 and a 12 month high of $81.14.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.