Naples Global Advisors LLC Increases Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Naples Global Advisors LLC lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,245 shares of the company’s stock after acquiring an additional 16,225 shares during the period. Naples Global Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $6,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Elevation Wealth Partners LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $26,000. Blue Trust Inc. purchased a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth $31,000. ORG Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth about $33,000. Highline Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth about $36,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $39,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.3 %

Shares of NYSEARCA:SPLG opened at $70.98 on Thursday. SPDR Portfolio S&P 500 ETF has a 52-week low of $57.72 and a 52-week high of $71.85. The stock has a market cap of $41.39 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The business has a 50-day moving average price of $70.37 and a 200-day moving average price of $68.15.

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.