HighTower Advisors LLC Buys 1,280,113 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

HighTower Advisors LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 57.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,504,658 shares of the company’s stock after acquiring an additional 1,280,113 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $241,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moors & Cabot Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 3.1% in the fourth quarter. Moors & Cabot Inc. now owns 20,524 shares of the company’s stock valued at $1,415,000 after acquiring an additional 612 shares during the last quarter. Cushing Capital Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth about $4,154,000. Inspire Advisors LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 4.3% during the 4th quarter. Inspire Advisors LLC now owns 6,350 shares of the company’s stock worth $438,000 after buying an additional 264 shares during the last quarter. Founders Financial Alliance LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 4.8% during the 4th quarter. Founders Financial Alliance LLC now owns 6,637 shares of the company’s stock worth $458,000 after buying an additional 305 shares during the last quarter. Finally, Global View Capital Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth about $22,788,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.8 %

Shares of SPDR Portfolio S&P 500 ETF stock opened at $65.42 on Wednesday. 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 50-day simple moving average of $70.00 and a two-hundred day simple moving average of $68.97. The stock has a market capitalization of $54.32 billion, a price-to-earnings ratio of 26.92 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.