Penobscot Wealth Management Raises Stock Position in SPDR Portfolio S&P 500 ETF $SPLG

Penobscot Wealth Management raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 761,868 shares of the company’s stock after purchasing an additional 9,280 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for 19.2% of Penobscot Wealth Management’s investment portfolio, making the stock its largest holding. Penobscot Wealth Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $59,685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Center for Financial Planning Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $37,000. Heritage Wealth Advisors bought a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $38,000. GAMMA Investing LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $40,000. Wealth Watch Advisors INC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the third quarter worth approximately $43,000. Finally, Elevation Wealth Partners LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 52.4% in the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock valued at $45,000 after acquiring an additional 197 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

NYSEARCA:SPLG opened at $78.52 on Wednesday. The company has a market capitalization of $93.44 billion, a PE ratio of 25.61 and a beta of 1.00. The company has a 50 day simple moving average of $80.73 and a two-hundred day simple moving average of $79.65. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $56.67 and a fifty-two week high of $81.14.

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