Ridgeline Wealth Planning LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 408,871 shares of the company’s stock, valued at approximately $28,188,000. SPDR Portfolio S&P 500 ETF comprises about 27.0% of Ridgeline Wealth Planning LLC’s portfolio, making the stock its biggest position.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Wealth Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $26,000. Blue Trust Inc. bought a new stake in SPDR Portfolio S&P 500 ETF in the third quarter worth about $31,000. ORG Wealth Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $33,000. Highline Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $36,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter worth approximately $39,000.
SPDR Portfolio S&P 500 ETF Stock Performance
Shares of SPLG stock opened at $71.20 on Wednesday. The stock has a 50 day moving average price of $70.36 and a 200 day moving average price of $68.10. SPDR Portfolio S&P 500 ETF has a 52-week low of $57.72 and a 52-week high of $71.85. The firm has a market capitalization of $41.52 billion, a P/E ratio of 26.64 and a beta of 1.00.
SPDR Portfolio S&P 500 ETF Company 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.
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Want to see what other hedge funds are holding SPLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report).
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