Investment Planning Advisors Inc. Grows Stock Holdings in SPDR Portfolio S&P 500 ETF $SPLG

Investment Planning Advisors Inc. increased its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,023 shares of the company’s stock after purchasing an additional 30,190 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises about 10.3% of Investment Planning Advisors Inc.’s portfolio, making the stock its 4th biggest position. Investment Planning Advisors Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $29,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SPLG. USS Investment Management Ltd bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the first quarter valued at approximately $1,394,006,000. Jones Financial Companies Lllp grew its stake in shares of SPDR Portfolio S&P 500 ETF by 99.4% during the first quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock valued at $2,031,308,000 after purchasing an additional 15,489,573 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of SPDR Portfolio S&P 500 ETF by 38.6% during the first quarter. Allianz Asset Management GmbH now owns 12,846,198 shares of the company’s stock valued at $844,766,000 after purchasing an additional 3,577,176 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 6.7% during the first quarter. LPL Financial LLC now owns 41,960,691 shares of the company’s stock valued at $2,759,335,000 after purchasing an additional 2,643,842 shares during the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the first quarter valued at approximately $167,317,000.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG opened at $78.72 on Friday. SPDR Portfolio S&P 500 ETF has a one year low of $56.67 and a one year high of $78.88. The company’s 50 day simple moving average is $76.21 and its 200-day simple moving average is $70.98. The stock has a market capitalization of $83.56 billion, a P/E ratio of 25.61 and a beta of 1.00.

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.