Gradient Investments LLC Buys 289,798 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Gradient Investments LLC grew its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,039,470 shares of the company’s stock after buying an additional 289,798 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 5.1% of Gradient Investments LLC’s portfolio, making the stock its biggest position. Gradient Investments LLC owned approximately 0.34% of SPDR Portfolio S&P 500 ETF worth $324,046,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SPLG. Brighton Jones LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $311,000. Bison Wealth LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 0.4% in the 4th quarter. Bison Wealth LLC now owns 142,938 shares of the company’s stock valued at $9,854,000 after purchasing an additional 630 shares during the last quarter. MAI Capital Management raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.4% in the 2nd quarter. MAI Capital Management now owns 30,180 shares of the company’s stock valued at $2,194,000 after purchasing an additional 426 shares in the last quarter. Nemes Rush Group LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 127.2% in the 2nd quarter. Nemes Rush Group LLC now owns 13,954 shares of the company’s stock valued at $1,014,000 after purchasing an additional 7,813 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 19.1% during the 2nd quarter. Titleist Asset Management LLC now owns 35,858 shares of the company’s stock worth $2,607,000 after purchasing an additional 5,763 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Down 1.4%

Shares of SPLG stock opened at $76.33 on Monday. The firm has a fifty day moving average price of $80.53 and a 200 day moving average price of $79.69. The company has a market cap of $90.84 billion, a P/E ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12 month low of $56.67 and a 12 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.