Gateway Wealth Partners LLC Buys 128,592 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Gateway Wealth Partners LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 350.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 165,335 shares of the company’s stock after buying an additional 128,592 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 3.0% of Gateway Wealth Partners LLC’s portfolio, making the stock its 3rd biggest position. Gateway Wealth Partners LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $11,398,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPLG. Blue Trust Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $33,000. Highline Wealth Partners LLC bought a new stake in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $36,000. West Branch Capital LLC bought a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $41,000. Finally, Decker Retirement Planning Inc. bought a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $43,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG stock opened at $71.12 on Wednesday. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.80 and a 52-week high of $71.85. The company has a 50-day simple moving average of $70.26 and a two-hundred day simple moving average of $67.72. The company has a market capitalization of $41.47 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

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.