Summit Investment Advisory Services LLC Boosts Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Summit Investment Advisory Services LLC increased its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 41.2% in the fourth quarter, Holdings Channel reports. The firm owned 7,874 shares of the company’s stock after buying an additional 2,299 shares during the quarter. Summit Investment Advisory Services LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SPLG. Goodman Financial Corp increased its holdings in SPDR Portfolio S&P 500 ETF by 1.5% during the 3rd quarter. Goodman Financial Corp now owns 73,232 shares of the company’s stock valued at $3,681,000 after acquiring an additional 1,060 shares in the last quarter. Raymond James & Associates lifted its position in SPDR Portfolio S&P 500 ETF by 30.8% during the fourth quarter. Raymond James & Associates now owns 1,138,737 shares of the company’s stock valued at $63,655,000 after buying an additional 268,157 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of SPDR Portfolio S&P 500 ETF by 48.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,120 shares of the company’s stock worth $1,413,000 after purchasing an additional 9,124 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $484,000. Finally, ProVise Management Group LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 120.2% during the third quarter. ProVise Management Group LLC now owns 9,946 shares of the company’s stock worth $500,000 after purchasing an additional 5,429 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG traded up $0.01 during trading on Friday, hitting $61.53. The company had a trading volume of 7,002,732 shares, compared to its average volume of 8,440,022. The company has a market cap of $22.70 billion, a PE ratio of 16.41 and a beta of 1.00. The business has a 50-day moving average of $59.26 and a 200-day moving average of $55.03. SPDR Portfolio S&P 500 ETF has a 1-year low of $46.88 and a 1-year high of $61.69.

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.