49 Wealth Management LLC Boosts Stock Holdings in SPDR Portfolio S&P 500 ETF $SPLG

49 Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 9.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,748,006 shares of the company’s stock after purchasing an additional 154,376 shares during the period. SPDR Portfolio S&P 500 ETF accounts for 13.1% of 49 Wealth Management LLC’s portfolio, making the stock its largest position. 49 Wealth Management LLC owned approximately 0.15% of SPDR Portfolio S&P 500 ETF worth $136,939,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SPLG. Bank of America Corp DE grew its stake in shares of SPDR Portfolio S&P 500 ETF by 88.5% in the 2nd quarter. Bank of America Corp DE now owns 59,401,970 shares of the company’s stock worth $4,317,929,000 after buying an additional 27,889,948 shares during the last quarter. Kedalion Capital Management LLP bought a new stake in SPDR Portfolio S&P 500 ETF in the second quarter worth $509,875,000. Jones Financial Companies Lllp boosted its holdings in SPDR Portfolio S&P 500 ETF by 15.3% in the third quarter. Jones Financial Companies Lllp now owns 50,982,604 shares of the company’s stock worth $3,968,996,000 after acquiring an additional 6,782,445 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the third quarter worth $320,541,000. Finally, Miracle Mile Advisors LLC increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 46,364.0% during the third quarter. Miracle Mile Advisors LLC now owns 2,796,205 shares of the company’s stock valued at $219,055,000 after acquiring an additional 2,790,187 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG opened at $80.76 on Friday. The firm has a market cap of $96.11 billion, a PE ratio of 25.61 and a beta of 1.00. The stock has a 50-day moving average price of $81.02 and a 200-day moving average price of $79.29. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year 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.