Cornerstone Wealth Group LLC Buys 27,892 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Group LLC increased its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 199.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,886 shares of the company’s stock after purchasing an additional 27,892 shares during the period. Cornerstone Wealth Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $2,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPLG. Blue Trust Inc. purchased a new position in SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $31,000. ORG Wealth Partners LLC bought a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at $33,000. Highline Wealth Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at $36,000. West Branch Capital LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter worth $41,000. Finally, Decker Retirement Planning Inc. bought a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $43,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPDR Portfolio S&P 500 ETF stock opened at $71.51 on Monday. The company has a market capitalization of $41.70 billion, a PE ratio of 26.64 and a beta of 1.00. The company has a 50-day simple moving average of $70.20 and a two-hundred day simple moving average of $67.65. SPDR Portfolio S&P 500 ETF has a one year low of $56.80 and a one year high of $71.85.

SPDR Portfolio S&P 500 ETF Company 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.