Cornerstone Wealth Management LLC Acquires 1,504 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Management LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 0.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 541,593 shares of the company’s stock after acquiring an additional 1,504 shares during the period. SPDR Portfolio S&P 500 ETF comprises approximately 2.7% of Cornerstone Wealth Management LLC’s holdings, making the stock its 5th largest position. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $33,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Natixis Advisors L.P. bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth $815,000. O Shaughnessy Asset Management LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 190.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,619 shares of the company’s stock worth $232,000 after acquiring an additional 3,029 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 234.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 39,369 shares of the company’s stock worth $1,979,000 after acquiring an additional 27,592 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio S&P 500 ETF by 29.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,773,972 shares of the company’s stock worth $89,113,000 after acquiring an additional 406,164 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 6.6% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 9,581 shares of the company’s stock worth $482,000 after acquiring an additional 595 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.4 %

SPLG traded up $0.28 during trading on Thursday, hitting $64.86. 2,845,466 shares of the company traded hands, compared to its average volume of 7,656,597. The firm has a market cap of $37.82 billion, a P/E ratio of 26.64 and a beta of 1.00. The stock’s fifty day moving average is $62.37 and its 200 day moving average is $59.87. SPDR Portfolio S&P 500 ETF has a one year low of $48.13 and a one year high of $64.90.

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.