Arrien Investments Inc. Makes New Investment in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Arrien Investments Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 271,298 shares of the company’s stock, valued at approximately $19,306,000. SPDR Portfolio S&P 500 ETF comprises 13.8% of Arrien Investments Inc.’s holdings, making the stock its 3rd biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in SPDR Portfolio S&P 500 ETF by 14,332.4% during the 4th quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after buying an additional 15,476,455 shares during the period. Sumitomo Life Insurance Co. grew its position in SPDR Portfolio S&P 500 ETF by 18.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock worth $624,086,000 after purchasing an additional 1,410,000 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives lifted its stake in SPDR Portfolio S&P 500 ETF by 18.5% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 8,953,000 shares of the company’s stock worth $617,220,000 after acquiring an additional 1,398,000 shares in the last quarter. Gradient Investments LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 44.3% in the fourth quarter. Gradient Investments LLC now owns 4,755,325 shares of the company’s stock worth $327,832,000 after purchasing an additional 1,460,710 shares in the last quarter. Finally, 1900 Wealth Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 4.8% during the 4th quarter. 1900 Wealth Management LLC now owns 4,704,127 shares of the company’s stock valued at $325,259,000 after buying an additional 213,820 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Performance

NYSEARCA:SPLG opened at $66.20 on Monday. The stock’s 50 day moving average price is $69.79 and its 200 day moving average price is $68.96. SPDR Portfolio S&P 500 ETF has a 52 week low of $58.08 and a 52 week high of $72.14. The company has a market capitalization of $55.55 billion, a P/E ratio of 24.69 and a beta of 1.01.

SPDR Portfolio S&P 500 ETF Company 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.