ODonnell Financial Services LLC Has $59.54 Million Stock Position in SPDR Portfolio S&P 500 ETF $SPLG

ODonnell Financial Services LLC grew its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 760,050 shares of the company’s stock after buying an additional 33,974 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 21.2% of ODonnell Financial Services LLC’s investment portfolio, making the stock its largest holding. ODonnell Financial Services LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $59,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth approximately $30,000. Center for Financial Planning Inc. bought a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $37,000. GPS Wealth Strategies Group LLC boosted its position 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 valued at $36,000 after buying an additional 323 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at $40,000. Finally, Elevation Wealth Partners LLC raised 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 last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.5%

Shares of SPLG opened at $80.75 on Friday. The stock’s fifty day simple moving average is $80.91 and its 200-day simple moving average is $79.00. The firm has a market capitalization of $96.10 billion, a PE 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.

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.