Abound Financial LLC Makes New Investment in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Abound Financial LLC bought a new position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 212,936 shares of the company’s stock, valued at approximately $14,680,000. SPDR Portfolio S&P 500 ETF makes up approximately 7.4% of Abound Financial LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of SPLG. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 154.4% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after buying an additional 4,585,000 shares during the last quarter. World Investment Advisors LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 908.3% in the 3rd quarter. World Investment Advisors LLC now owns 1,695,058 shares of the company’s stock worth $114,433,000 after buying an additional 1,526,942 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 44.3% in the 4th quarter. Gradient Investments LLC now owns 4,755,325 shares of the company’s stock worth $327,832,000 after buying an additional 1,460,710 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 18.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock worth $624,086,000 after buying an additional 1,410,000 shares during the last quarter. Finally, Spinnaker Trust boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 126.5% in the 4th quarter. Spinnaker Trust now owns 1,806,414 shares of the company’s stock worth $124,534,000 after buying an additional 1,008,858 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG stock opened at $70.59 on Friday. The company has a market cap of $58.62 billion, a P/E ratio of 26.92 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a 1 year low of $58.08 and a 1 year high of $72.14. The stock’s fifty day moving average price is $70.41 and its 200-day moving average price is $68.54.

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.