Axiom Financial Strategies LLC Takes Position in SPDR Portfolio S&P 500 ETF $SPLG

Axiom Financial Strategies LLC purchased a new stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the third quarter, Holdings Channel reports. The firm purchased 16,432 shares of the company’s stock, valued at approximately $1,287,000. SPDR Portfolio S&P 500 ETF accounts for 0.6% of Axiom Financial Strategies LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in SPDR Portfolio S&P 500 ETF by 10.2% during the 3rd quarter. Bank of America Corp DE now owns 65,441,181 shares of the company’s stock worth $5,126,662,000 after purchasing an additional 6,039,211 shares during the period. Bank of Nova Scotia lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 29.1% in the 3rd quarter. Bank of Nova Scotia now owns 339,140 shares of the company’s stock worth $26,568,000 after buying an additional 76,400 shares during the period. Brass Tax Wealth Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 2.4% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 20,971 shares of the company’s stock worth $1,643,000 after buying an additional 500 shares during the period. Anchor Investment Management LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 0.9% during the 3rd quarter. Anchor Investment Management LLC now owns 17,194 shares of the company’s stock worth $1,347,000 after buying an additional 160 shares in the last quarter. Finally, Creative Planning grew its position in shares of SPDR Portfolio S&P 500 ETF by 2.9% during the 3rd quarter. Creative Planning now owns 32,029,687 shares of the company’s stock worth $2,509,206,000 after buying an additional 889,363 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Trading Down 0.6%

Shares of SPDR Portfolio S&P 500 ETF stock opened at $77.74 on Friday. The firm has a market cap of $92.51 billion, a P/E ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12 month low of $56.67 and a 12 month high of $81.14. The stock’s fifty day moving average price is $80.83 and its 200-day moving average price is $79.59.

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.