SPDR Portfolio S&P 500 ETF $SPLG is Spinnaker Trust’s Largest Position

Spinnaker Trust raised its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,125,087 shares of the company’s stock after acquiring an additional 71,854 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up 9.2% of Spinnaker Trust’s holdings, making the stock its largest holding. Spinnaker Trust’s holdings in SPDR Portfolio S&P 500 ETF were worth $166,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Trust LLC purchased a new position in SPDR Portfolio S&P 500 ETF in the 2nd quarter worth about $30,000. GPS Wealth Strategies Group LLC grew its stake in SPDR Portfolio S&P 500 ETF by 194.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock worth $36,000 after acquiring an additional 323 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth approximately $40,000. Elevation Wealth Partners LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 52.4% during the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock worth $45,000 after acquiring an additional 197 shares during the period. Finally, Crewe Advisors LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 246.4% during the second quarter. Crewe Advisors LLC now owns 634 shares of the company’s stock valued at $46,000 after acquiring an additional 451 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 1.3%

Shares of NYSEARCA:SPLG opened at $79.71 on Friday. The business’s 50 day moving average is $80.84 and its 200 day moving average is $78.60. The stock has a market cap of $94.86 billion, a P/E ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.67 and a 52-week high of $81.14.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.