Modern Wealth Management LLC Purchases 380,854 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Modern Wealth Management LLC boosted its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 103.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 747,746 shares of the company’s stock after purchasing an additional 380,854 shares during the period. SPDR Portfolio S&P 500 ETF comprises 1.2% of Modern Wealth Management LLC’s holdings, making the stock its 15th largest position. Modern Wealth Management LLC owned about 0.06% of SPDR Portfolio S&P 500 ETF worth $58,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $311,000. Bison Wealth LLC raised its stake in SPDR Portfolio S&P 500 ETF by 0.4% in the 4th quarter. Bison Wealth LLC now owns 142,938 shares of the company’s stock valued at $9,854,000 after acquiring an additional 630 shares during the period. Ignite Planners LLC raised its stake in SPDR Portfolio S&P 500 ETF by 8.2% in the 2nd quarter. Ignite Planners LLC now owns 3,503 shares of the company’s stock valued at $259,000 after acquiring an additional 266 shares during the period. Bank of Montreal Can lifted its holdings in SPDR Portfolio S&P 500 ETF by 58.2% during the 2nd quarter. Bank of Montreal Can now owns 114,923 shares of the company’s stock valued at $8,354,000 after purchasing an additional 42,296 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in SPDR Portfolio S&P 500 ETF by 46.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 374,540 shares of the company’s stock valued at $27,225,000 after purchasing an additional 119,130 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG stock opened at $80.17 on Friday. SPDR Portfolio S&P 500 ETF has a one year low of $56.67 and a one year high of $81.14. The stock has a market cap of $95.41 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The company has a fifty day moving average price of $80.97 and a two-hundred day moving average price of $79.43.

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.