New Wave Wealth Advisors LLC Purchases New Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

New Wave Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,753 shares of the company’s stock, valued at approximately $304,000.

A number of other hedge funds also recently added to or reduced their stakes in SPLG. Stifel Financial Corp lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 69.5% in the 4th quarter. Stifel Financial Corp now owns 210,793 shares of the company’s stock worth $11,783,000 after acquiring an additional 86,450 shares during the period. Jones Financial Companies Lllp purchased a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at approximately $272,000. The Manufacturers Life Insurance Company increased its position in SPDR Portfolio S&P 500 ETF by 10.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,152,695 shares of the company’s stock worth $232,136,000 after purchasing an additional 377,862 shares during the period. Belpointe Asset Management LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 94.8% during the 4th quarter. Belpointe Asset Management LLC now owns 13,453 shares of the company’s stock worth $752,000 after buying an additional 6,548 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of SPDR Portfolio S&P 500 ETF by 97.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,542,711 shares of the company’s stock worth $86,238,000 after buying an additional 759,583 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

SPDR Portfolio S&P 500 ETF stock opened at $67.50 on Tuesday. The stock’s 50 day moving average price is $64.98 and its 200 day moving average price is $63.17. SPDR Portfolio S&P 500 ETF has a 1-year low of $48.13 and a 1-year high of $67.58. The company has a market cap of $39.36 billion, a PE 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.