Commonwealth Financial Services LLC Boosts Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

by · The Cerbat Gem

Commonwealth Financial Services LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLGFree Report) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,388 shares of the company’s stock after purchasing an additional 4,108 shares during the quarter. Commonwealth Financial Services LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $3,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the second quarter worth $308,840,000. LPL Financial LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 8.0% in the 2nd quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after purchasing an additional 2,389,144 shares in the last quarter. Cetera Investment Advisers increased its stake in SPDR Portfolio S&P 500 ETF by 350.8% during the 1st quarter. Cetera Investment Advisers now owns 2,223,389 shares of the company’s stock valued at $136,805,000 after purchasing an additional 1,730,168 shares in the last quarter. Savant Capital LLC purchased a new position in SPDR Portfolio S&P 500 ETF in the second quarter worth about $82,572,000. Finally, Envestnet Asset Management Inc. raised its holdings in SPDR Portfolio S&P 500 ETF by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 10,281,461 shares of the company’s stock worth $658,014,000 after buying an additional 1,232,825 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA:SPLG traded up $0.14 during trading on Thursday, reaching $68.12. 378,316 shares of the stock traded hands, compared to its average volume of 7,174,769. SPDR Portfolio S&P 500 ETF has a 52-week low of $48.13 and a 52-week high of $68.93. The stock has a market cap of $39.72 billion, a P/E ratio of 26.64 and a beta of 1.00. The stock has a 50-day moving average of $66.57 and a two-hundred day moving average of $63.97.

About SPDR Portfolio S&P 500 ETF

(Free Report)

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.

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