SOL Capital Management CO Raises Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

SOL Capital Management CO lifted its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 532,835 shares of the company’s stock after buying an additional 40,285 shares during the period. SPDR Portfolio S&P 500 ETF accounts for approximately 4.1% of SOL Capital Management CO’s holdings, making the stock its largest position. SOL Capital Management CO’s holdings in SPDR Portfolio S&P 500 ETF were worth $36,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. acquired a new position in SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $33,000. Highline Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $36,000. West Branch Capital LLC bought a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $41,000. Finally, Decker Retirement Planning Inc. acquired a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter worth $43,000.

SPDR Portfolio S&P 500 ETF Stock Up 0.5 %

SPLG stock opened at $71.16 on Friday. SPDR Portfolio S&P 500 ETF has a twelve month low of $56.80 and a twelve month high of $71.85. The company has a market cap of $41.50 billion, a P/E ratio of 26.64 and a beta of 1.00. The business’s fifty day moving average is $70.29 and its 200-day moving average is $67.74.

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.