ETF Store Inc. Grows Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

ETF Store Inc. grew its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 23.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,088 shares of the company’s stock after purchasing an additional 4,126 shares during the period. SPDR Portfolio S&P 500 ETF accounts for about 1.9% of ETF Store Inc.’s portfolio, making the stock its 16th biggest position. ETF Store Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Renasant Bank lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 140.3% during the fourth quarter. Renasant Bank now owns 25,032 shares of the company’s stock worth $1,726,000 after buying an additional 14,617 shares during the period. May Barnhard Investments LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $223,000. Madison Investment Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $3,738,000. JPL Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $1,353,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 14.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,048,412 shares of the company’s stock worth $72,278,000 after buying an additional 130,123 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Down 1.3 %

NYSEARCA:SPLG opened at $64.88 on Friday. SPDR Portfolio S&P 500 ETF has a 12 month low of $58.08 and a 12 month high of $72.14. The firm has a fifty day simple moving average of $69.86 and a 200-day simple moving average of $68.91. The company has a market capitalization of $54.44 billion, a P/E ratio of 24.69 and a beta of 1.01.

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.