Q3 Asset Management Buys 50,033 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Q3 Asset Management raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 136.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,831 shares of the company’s stock after acquiring an additional 50,033 shares during the period. SPDR Portfolio S&P 500 ETF comprises about 2.3% of Q3 Asset Management’s investment portfolio, making the stock its 5th biggest position. Q3 Asset Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $6,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Trust LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the second quarter worth about $30,000. GPS Wealth Strategies Group LLC lifted its holdings in SPDR Portfolio S&P 500 ETF by 194.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock valued at $36,000 after acquiring an additional 323 shares during the period. GAMMA Investing LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $40,000. Pacifica Partners Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth approximately $42,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 52.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock worth $45,000 after purchasing an additional 197 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG opened at $81.80 on Wednesday. The firm has a fifty day moving average price of $80.06 and a 200 day moving average price of $77.68. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14. The stock has a market cap of $97.35 billion, a P/E ratio of 25.61 and a beta of 1.00.

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.