JPL Wealth Management LLC Buys New Stake in SPDR Portfolio S&P 500 ETF $SPLG

JPL Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,971 shares of the company’s stock, valued at approximately $624,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clearstead Trust LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the second quarter valued at approximately $30,000. Center for Financial Planning Inc. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $37,000. Heritage Wealth Advisors acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $38,000. GAMMA Investing LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $40,000. Finally, Wealth Watch Advisors INC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $43,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock opened at $77.74 on Monday. The stock’s fifty day simple moving average is $80.83 and its 200 day simple moving average is $79.62. SPDR Portfolio S&P 500 ETF has a one year low of $56.67 and a one year high of $81.14. The firm has a market cap of $92.51 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00.

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.