Valmark Advisers Inc. Grows Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Valmark Advisers Inc. lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 9.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 104,065 shares of the company’s stock after buying an additional 9,214 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $5,817,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Creative Planning lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 2.7% in the third quarter. Creative Planning now owns 26,057,485 shares of the company’s stock worth $1,309,649,000 after buying an additional 690,119 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 10.9% in the third quarter. LPL Financial LLC now owns 22,823,121 shares of the company’s stock worth $1,147,090,000 after buying an additional 2,235,952 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 30.6% in the third quarter. JPMorgan Chase & Co. now owns 10,044,571 shares of the company’s stock worth $504,862,000 after buying an additional 2,351,596 shares in the last quarter. Advance Capital Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 200.6% in the fourth quarter. Advance Capital Management Inc. now owns 5,956,973 shares of the company’s stock worth $332,995,000 after buying an additional 3,975,462 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 32.4% in the fourth quarter. CWM LLC now owns 5,921,040 shares of the company’s stock worth $330,986,000 after buying an additional 1,450,389 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.9 %

SPDR Portfolio S&P 500 ETF stock traded up $0.56 during mid-day trading on Friday, reaching $59.79. 5,171,859 shares of the company’s stock traded hands, compared to its average volume of 8,835,651. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 25.72 and a beta of 1.00. The stock has a 50 day moving average of $60.16 and a two-hundred day moving average of $56.38. SPDR Portfolio S&P 500 ETF has a 12-month low of $47.48 and a 12-month high of $61.69.

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.