Modern Wealth Management LLC Buys 380,854 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Modern Wealth Management LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 103.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,746 shares of the company’s stock after buying an additional 380,854 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises approximately 1.2% of Modern Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $58,578,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPLG. Foster Dykema Cabot & Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at $196,000. Per Stirling Capital Management LLC. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.4% during the 3rd quarter. Per Stirling Capital Management LLC. now owns 65,751 shares of the company’s stock worth $5,151,000 after purchasing an additional 2,173 shares in the last quarter. Capasso Planning Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF in the third quarter worth $255,000. Leading Edge Financial Planning LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 4.7% in the third quarter. Leading Edge Financial Planning LLC now owns 775,753 shares of the company’s stock worth $60,773,000 after purchasing an additional 34,675 shares during the period. Finally, Blue Edge Capital LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at about $224,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.6%

SPLG opened at $80.17 on Friday. The stock has a market capitalization of $95.41 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a twelve month low of $56.67 and a twelve month high of $81.14. The company has a 50-day simple moving average of $80.97 and a 200 day simple moving average of $79.43.

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.