SFG Wealth Management LLC. Grows Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

SFG Wealth Management LLC. raised its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 18.4% during the second quarter, Holdings Channel reports. The fund owned 7,924 shares of the company’s stock after buying an additional 1,233 shares during the period. SFG Wealth Management LLC.’s holdings in SPDR Portfolio S&P 500 ETF were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPLG. Advance Capital Management Inc. boosted its stake in SPDR Portfolio S&P 500 ETF by 121.0% in the first quarter. Advance Capital Management Inc. now owns 13,167,766 shares of the company’s stock valued at $810,213,000 after acquiring an additional 7,210,793 shares during the last quarter. Sumitomo Life Insurance Co. bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the second quarter valued at approximately $308,840,000. Envestnet Asset Management Inc. raised its position in shares of SPDR Portfolio S&P 500 ETF by 94.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,405,094 shares of the company’s stock valued at $469,845,000 after purchasing an additional 4,080,428 shares during the period. Advocacy Wealth Management Services LLC raised its position in shares of SPDR Portfolio S&P 500 ETF by 168.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 5,324,315 shares of the company’s stock valued at $327,605,000 after purchasing an additional 3,341,587 shares during the period. Finally, 1900 Wealth Management LLC raised its position in shares of SPDR Portfolio S&P 500 ETF by 1,777.1% in the fourth quarter. 1900 Wealth Management LLC now owns 2,432,652 shares of the company’s stock valued at $135,985,000 after purchasing an additional 2,303,056 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Up 0.2 %

Shares of NYSEARCA SPLG traded up $0.14 during midday trading on Friday, hitting $65.19. The company’s stock had a trading volume of 5,463,731 shares, compared to its average volume of 7,446,012. The stock has a fifty day moving average price of $64.17 and a 200 day moving average price of $61.72. SPDR Portfolio S&P 500 ETF has a one year low of $48.13 and a one year high of $66.47. The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

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.