SPDR Portfolio S&P 500 ETF $SPLG Shares Bought by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. raised its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 29.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 517,140 shares of the company’s stock after purchasing an additional 117,117 shares during the period. SPDR Portfolio S&P 500 ETF accounts for approximately 12.7% of Investment Planning Advisors Inc.’s portfolio, making the stock its largest holding. Investment Planning Advisors Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $40,513,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SPLG. Roxbury Financial LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $28,000. Clearstead Trust LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the second quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the second quarter valued at $32,000. GPS Wealth Strategies Group LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 194.6% during the second quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock valued at $36,000 after acquiring an additional 323 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth about $40,000.

SPDR Portfolio S&P 500 ETF Trading Down 0.7%

Shares of SPLG stock opened at $80.22 on Friday. The company has a market capitalization of $95.47 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The firm has a 50-day moving average price of $79.95 and a 200 day moving average price of $77.03. SPDR Portfolio S&P 500 ETF has a twelve month low of $56.67 and a twelve month high of $81.14.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.