Tower View Wealth Management LLC Buys 39,894 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Tower View Wealth Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 66.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 99,548 shares of the company’s stock after acquiring an additional 39,894 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for 3.8% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 6th largest position. Tower View Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $6,546,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. Invst LLC lifted its holdings in SPDR Portfolio S&P 500 ETF by 1.2% during the 4th quarter. Invst LLC now owns 12,336 shares of the company’s stock worth $850,000 after buying an additional 146 shares in the last quarter. Signaturefd LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 9.2% in the 4th quarter. Signaturefd LLC now owns 2,131 shares of the company’s stock valued at $147,000 after buying an additional 179 shares during the last quarter. Anchor Investment Management LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 1.4% in the 4th quarter. Anchor Investment Management LLC now owns 12,721 shares of the company’s stock valued at $877,000 after buying an additional 180 shares during the last quarter. United Capital Financial Advisors LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 1.5% in the 4th quarter. United Capital Financial Advisors LLC now owns 12,334 shares of the company’s stock valued at $850,000 after buying an additional 185 shares during the last quarter. Finally, Glassman Wealth Services grew its position in shares of SPDR Portfolio S&P 500 ETF by 8.5% in the 4th quarter. Glassman Wealth Services now owns 2,395 shares of the company’s stock valued at $165,000 after buying an additional 188 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPDR Portfolio S&P 500 ETF stock opened at $70.11 on Friday. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $72.14. The company has a market capitalization of $68.14 billion, a P/E ratio of 24.62 and a beta of 1.01. The company’s fifty day moving average is $67.54 and its two-hundred day moving average is $68.29.

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.