Axiom Financial Strategies LLC Invests $1.29 Million in SPDR Portfolio S&P 500 ETF $SPLG

Axiom Financial Strategies LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,432 shares of the company’s stock, valued at approximately $1,287,000. SPDR Portfolio S&P 500 ETF accounts for approximately 0.6% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $311,000. Bison Wealth LLC grew its position in 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 acquiring an additional 630 shares during the last quarter. Bank of New York Mellon Corp increased its stake in SPDR Portfolio S&P 500 ETF by 46.6% in the second quarter. Bank of New York Mellon Corp now owns 374,540 shares of the company’s stock worth $27,225,000 after purchasing an additional 119,130 shares during the period. Prospera Financial Services Inc lifted its position in shares of SPDR Portfolio S&P 500 ETF by 11.9% during the second quarter. Prospera Financial Services Inc now owns 7,265 shares of the company’s stock worth $528,000 after purchasing an additional 771 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of SPDR Portfolio S&P 500 ETF by 24.1% during the second quarter. Allworth Financial LP now owns 8,430 shares of the company’s stock worth $613,000 after purchasing an additional 1,639 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Down 0.6%

Shares of SPLG opened at $77.74 on Friday. The firm has a fifty day moving average price of $80.83 and a 200-day moving average price of $79.59. The firm has a market capitalization of $92.51 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.

About SPDR Portfolio S&P 500 ETF

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.