SPDR Portfolio S&P 500 ETF $SPLG Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 579,426 shares of the company’s stock after purchasing an additional 29,455 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises about 2.5% of Cornerstone Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $45,392,000 at the end of the most recent quarter.

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

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA SPLG opened at $81.65 on Friday. The company has a market cap of $97.17 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The stock’s 50-day moving average is $80.66 and its two-hundred day moving average is $78.34. 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.