Belpointe Asset Management LLC Has $15 Million Position in SPDR Portfolio S&P 500 ETF $SPLG

Belpointe Asset Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,497 shares of the company’s stock after buying an additional 32,503 shares during the period. Belpointe Asset Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $15,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPLG. Clearstead Trust LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth approximately $30,000. GPS Wealth Strategies Group LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 194.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares in the last quarter. GAMMA Investing LLC bought a new position in SPDR Portfolio S&P 500 ETF in the third quarter worth $40,000. Elevation Wealth Partners LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 52.4% during the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock worth $45,000 after buying an additional 197 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 246.4% during the second quarter. Crewe Advisors LLC now owns 634 shares of the company’s stock worth $46,000 after buying an additional 451 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG stock opened at $81.10 on Tuesday. The firm has a fifty day moving average of $80.33 and a 200-day moving average of $78.18. The stock has a market cap of $96.51 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.67 and a 52-week high of $81.14.

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