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

Keystone Financial Group bought a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 621,668 shares of the company’s stock, valued at approximately $42,858,000. SPDR Portfolio S&P 500 ETF comprises approximately 4.2% of Keystone Financial Group’s portfolio, making the stock its 3rd biggest holding. Keystone Financial Group owned about 0.11% of SPDR Portfolio S&P 500 ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 6.4% in the fourth quarter. American Century Companies Inc. now owns 320,300 shares of the company’s stock worth $22,081,000 after acquiring an additional 19,200 shares during the period. MN Wealth Advisors LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 7.0% during the fourth quarter. MN Wealth Advisors LLC now owns 29,869 shares of the company’s stock worth $2,059,000 after acquiring an additional 1,960 shares during the period. Barclays PLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 170.0% during the 3rd quarter. Barclays PLC now owns 1,350 shares of the company’s stock worth $91,000 after acquiring an additional 850 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 5.3% in the 4th quarter. Shepherd Financial Partners LLC now owns 93,323 shares of the company’s stock worth $6,434,000 after acquiring an additional 4,676 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $9,946,000.

SPDR Portfolio S&P 500 ETF Trading Up 1.8 %

NYSEARCA:SPLG opened at $62.80 on Friday. The company’s 50-day moving average price is $67.24 and its 200-day moving average price is $68.70. The company has a market cap of $56.68 billion, a P/E ratio of 24.63 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a twelve month low of $56.67 and a twelve month high of $72.14.

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.