SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Position Lifted by Independent Wealth Network Inc.

Independent Wealth Network Inc. increased its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,876 shares of the company’s stock after buying an additional 2,060 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises 3.8% of Independent Wealth Network Inc.’s investment portfolio, making the stock its biggest holding. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $9,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in SPDR Portfolio S&P 500 ETF by 10.4% during the 4th quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock worth $2,710,503,000 after buying an additional 3,697,646 shares during the last quarter. Invesco Ltd. raised its holdings in SPDR Portfolio S&P 500 ETF by 17.0% during the fourth quarter. Invesco Ltd. now owns 15,463,978 shares of the company’s stock worth $1,066,087,000 after purchasing an additional 2,250,006 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio S&P 500 ETF by 10.3% during the first quarter. Envestnet Asset Management Inc. now owns 14,260,404 shares of the company’s stock worth $937,764,000 after buying an additional 1,335,809 shares in the last quarter. CWM LLC increased its position in SPDR Portfolio S&P 500 ETF by 7.8% during the first quarter. CWM LLC now owns 8,484,225 shares of the company’s stock worth $557,923,000 after buying an additional 613,217 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its position in SPDR Portfolio S&P 500 ETF by 10.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 7,116,129 shares of the company’s stock worth $490,586,000 after buying an additional 689,476 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.6%

Shares of NYSEARCA:SPLG opened at $73.86 on Friday. The company has a market cap of $77.22 billion, a P/E 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 $74.04. The business has a fifty day simple moving average of $70.85 and a 200-day simple moving average of $68.58.

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.