Bestgate Wealth Advisors LLC Takes $3.85 Million Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Bestgate Wealth Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 55,771 shares of the company’s stock, valued at approximately $3,845,000. SPDR Portfolio S&P 500 ETF accounts for 7.7% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position.

Several other hedge funds have also made changes to their positions in SPLG. Claro Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at about $250,000. MAI Capital Management raised its stake in SPDR Portfolio S&P 500 ETF by 19.9% during the third quarter. MAI Capital Management now owns 23,490 shares of the company’s stock worth $1,586,000 after acquiring an additional 3,899 shares during the period. Fortis Advisors LLC raised its position in shares of SPDR Portfolio S&P 500 ETF by 9.9% during the 3rd quarter. Fortis Advisors LLC now owns 9,380 shares of the company’s stock worth $633,000 after purchasing an additional 848 shares during the period. Amara Financial LLC. bought a new stake in SPDR Portfolio S&P 500 ETF in the third quarter valued at $273,000. Finally, Schwallier Wealth Management LLC lifted its position in SPDR Portfolio S&P 500 ETF by 3.2% in the 3rd quarter. Schwallier Wealth Management LLC now owns 27,596 shares of the company’s stock valued at $1,863,000 after purchasing an additional 844 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPDR Portfolio S&P 500 ETF stock opened at $66.01 on Wednesday. The company has a market capitalization of $55.39 billion, a P/E ratio of 24.69 and a beta of 1.01. The business’s fifty day moving average price is $69.66 and its two-hundred day moving average price is $68.97. SPDR Portfolio S&P 500 ETF has a 1-year low of $58.09 and a 1-year high of $72.14.

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.