Cornerstone Wealth Management LLC Has $36.18 Million Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535,864 shares of the company’s stock after purchasing an additional 6,744 shares during the period. SPDR Portfolio S&P 500 ETF comprises approximately 2.5% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Cornerstone Wealth Management LLC owned 0.09% of SPDR Portfolio S&P 500 ETF worth $36,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPLG. NBC Securities Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 7.6% in the first quarter. NBC Securities Inc. now owns 14,600 shares of the company’s stock valued at $898,000 after purchasing an additional 1,025 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of SPDR Portfolio S&P 500 ETF by 10.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 3,084 shares of the company’s stock valued at $190,000 after buying an additional 290 shares during the period. KMG Fiduciary Partners LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 3.0% during the 1st quarter. KMG Fiduciary Partners LLC now owns 288,938 shares of the company’s stock valued at $17,778,000 after buying an additional 8,297 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 1.8% during the 1st quarter. Park Avenue Securities LLC now owns 718,958 shares of the company’s stock worth $44,237,000 after acquiring an additional 12,741 shares during the period. Finally, Fragasso Group Inc. increased its holdings in SPDR Portfolio S&P 500 ETF by 16.7% in the 1st quarter. Fragasso Group Inc. now owns 122,007 shares of the company’s stock worth $7,507,000 after acquiring an additional 17,449 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.4 %

NYSEARCA SPLG opened at $68.48 on Thursday. The company has a market cap of $39.93 billion, a PE ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52 week low of $48.13 and a 52 week high of $68.83. The firm’s 50-day simple moving average is $66.03 and its two-hundred day simple moving average is $63.71.

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.