SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Stock Position Lifted by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC grew its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 300,418 shares of the company’s stock after purchasing an additional 560 shares during the period. SPDR Portfolio S&P 500 ETF makes up about 4.5% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 7th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $20,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $26,000. Hemington Wealth Management bought a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $30,000. Blue Trust Inc. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $36,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter worth $39,000.

SPDR Portfolio S&P 500 ETF Trading Up 0.3 %

Shares of SPLG stock opened at $71.93 on Wednesday. The company’s fifty day moving average price is $70.38 and its 200-day moving average price is $68.36. The stock has a market cap of $41.95 billion, a PE ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12 month low of $58.06 and a 12 month high of $71.93.

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.