SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) is Brown Financial Advisory’s Largest Position

Brown Financial Advisory grew its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 911,088 shares of the company’s stock after acquiring an additional 28,499 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises approximately 44.6% of Brown Financial Advisory’s portfolio, making the stock its biggest holding. Brown Financial Advisory’s holdings in SPDR Portfolio S&P 500 ETF were worth $62,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Creative Planning boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.2% during the third quarter. Creative Planning now owns 29,491,836 shares of the company’s stock worth $1,990,994,000 after purchasing an additional 915,823 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in SPDR Portfolio S&P 500 ETF by 18.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock worth $624,086,000 after buying an additional 1,410,000 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in SPDR Portfolio S&P 500 ETF by 154.4% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after buying an additional 4,585,000 shares during the last quarter. CWM LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 8.2% in the 3rd quarter. CWM LLC now owns 7,213,673 shares of the company’s stock valued at $486,995,000 after buying an additional 547,989 shares during the period. Finally, Gradient Investments LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF by 44.3% during the 4th quarter. Gradient Investments LLC now owns 4,755,325 shares of the company’s stock valued at $327,832,000 after acquiring an additional 1,460,710 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock opened at $70.80 on Friday. SPDR Portfolio S&P 500 ETF has a 1-year low of $56.80 and a 1-year high of $71.85. The firm’s 50-day simple moving average is $70.31 and its 200-day simple moving average is $67.77. The firm has a market cap of $41.29 billion, a P/E ratio of 26.64 and a beta of 1.00.

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.