SPDR Portfolio S&P 500 ETF $SPLG is Tennessee Valley Asset Management Partners’ Largest Position

Tennessee Valley Asset Management Partners grew its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.6% during the second quarter, HoldingsChannel reports. The fund owned 1,966,408 shares of the company’s stock after purchasing an additional 49,562 shares during the period. SPDR Portfolio S&P 500 ETF accounts for about 36.3% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its biggest holding. Tennessee Valley Asset Management Partners’ holdings in SPDR Portfolio S&P 500 ETF were worth $142,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Roxbury Financial LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the second quarter valued at approximately $28,000. Clearstead Trust LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth about $30,000. Retirement Wealth Solutions LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the second quarter valued at approximately $32,000. GPS Wealth Strategies Group LLC grew its position in SPDR Portfolio S&P 500 ETF by 194.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock worth $36,000 after purchasing an additional 323 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth about $42,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG opened at $80.88 on Friday. The stock has a market capitalization of $96.25 billion, a P/E ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14. The company’s fifty day moving average is $79.32 and its two-hundred day moving average is $75.92.

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.