Penobscot Wealth Management Has $59.69 Million Position in SPDR Portfolio S&P 500 ETF $SPLG

Penobscot Wealth Management lifted its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 761,868 shares of the company’s stock after acquiring an additional 9,280 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up approximately 19.2% of Penobscot Wealth Management’s portfolio, making the stock its biggest position. Penobscot Wealth Management owned 0.06% of SPDR Portfolio S&P 500 ETF worth $59,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Center for Financial Planning Inc. bought a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at about $37,000. Heritage Wealth Advisors acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at about $38,000. GAMMA Investing LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $40,000. Wealth Watch Advisors INC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $43,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF by 52.4% in the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock valued at $45,000 after buying an additional 197 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA SPLG opened at $78.52 on Wednesday. The company has a 50 day simple moving average of $80.73 and a 200 day simple moving average of $79.65. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14. The firm has a market cap of $93.44 billion, a PE ratio of 25.61 and a beta of 1.00.

SPDR Portfolio S&P 500 ETF 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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.