SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) is Ciovacco Capital Management LLC’s 9th Largest Position

Ciovacco Capital Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 16.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,680 shares of the company’s stock after acquiring an additional 8,413 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises approximately 2.3% of Ciovacco Capital Management LLC’s portfolio, making the stock its 9th largest position. Ciovacco Capital Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $4,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SPLG. Elevation Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter worth about $26,000. Hemington Wealth Management purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter worth about $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter worth about $37,000. Comprehensive Financial Planning Inc. PA purchased a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $39,000. Finally, Basso Capital Management L.P. purchased a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $40,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG opened at $66.56 on Friday. The company has a market capitalization of $55.85 billion, a P/E ratio of 24.69 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a one year low of $58.09 and a one year high of $72.14. The stock has a 50-day moving average price of $69.55 and a 200 day moving average price of $68.93.

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.