SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) is Independent Advisor Alliance’s 3rd Largest Position

Independent Advisor Alliance grew its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2,019.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,066,946 shares of the company’s stock after buying an additional 2,922,219 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for 2.8% of Independent Advisor Alliance’s investment portfolio, making the stock its 3rd biggest position. Independent Advisor Alliance owned 0.53% of SPDR Portfolio S&P 500 ETF worth $211,435,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SPLG. Moran Wealth Management LLC bought a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter worth approximately $930,000. New Insight Wealth Advisors raised its stake in shares of SPDR Portfolio S&P 500 ETF by 13.4% during the fourth quarter. New Insight Wealth Advisors now owns 14,535 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,719 shares in the last quarter. Tilson Financial Group Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 6.5% in the 4th quarter. Tilson Financial Group Inc. now owns 66,965 shares of the company’s stock worth $4,617,000 after acquiring an additional 4,082 shares during the last quarter. Coordinated Financial Services Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $682,000. Finally, Rialto Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at $102,000.

SPDR Portfolio S&P 500 ETF Stock Up 0.5 %

SPDR Portfolio S&P 500 ETF stock opened at $67.75 on Monday. The firm has a fifty day simple moving average of $70.13 and a two-hundred day simple moving average of $68.97. SPDR Portfolio S&P 500 ETF has a twelve month low of $58.08 and a twelve month high of $72.14. The company has a market capitalization of $56.26 billion, a PE ratio of 26.92 and a beta of 1.01.

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.