Gateway Wealth Partners LLC Purchases 67,750 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Gateway Wealth Partners LLC raised its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 33.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 272,043 shares of the company’s stock after purchasing an additional 67,750 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 2.9% of Gateway Wealth Partners LLC’s investment portfolio, making the stock its biggest position. Gateway Wealth Partners LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $21,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPLG. Brighton Jones LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $311,000. Bison Wealth LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF by 0.4% in the fourth quarter. Bison Wealth LLC now owns 142,938 shares of the company’s stock valued at $9,854,000 after buying an additional 630 shares during the period. Ignite Planners LLC boosted its position in SPDR Portfolio S&P 500 ETF by 8.2% during the 2nd quarter. Ignite Planners LLC now owns 3,503 shares of the company’s stock worth $259,000 after buying an additional 266 shares during the period. Vontobel Holding Ltd. bought a new stake in SPDR Portfolio S&P 500 ETF during the 2nd quarter worth approximately $218,000. Finally, Blair William & Co. IL raised its stake in shares of SPDR Portfolio S&P 500 ETF by 1.1% during the second quarter. Blair William & Co. IL now owns 103,321 shares of the company’s stock valued at $7,510,000 after acquiring an additional 1,133 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Up 2.0%

Shares of SPLG stock opened at $81.27 on Friday. The stock has a 50-day moving average of $80.84 and a 200-day moving average of $78.63. The stock has a market cap of $96.72 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1-year low of $56.67 and a 1-year high of $81.14.

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.