Brown Financial Advisors Buys New Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Brown Financial Advisors purchased a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 201,715 shares of the company’s stock, valued at approximately $12,910,000. SPDR Portfolio S&P 500 ETF comprises 5.8% of Brown Financial Advisors’ investment portfolio, making the stock its biggest holding.

A number of other institutional investors also recently modified their holdings of SPLG. RiverFront Investment Group LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 0.9% in the second quarter. RiverFront Investment Group LLC now owns 1,165,661 shares of the company’s stock worth $74,602,000 after purchasing an additional 10,625 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at $304,000. Aldebaran Financial Inc. lifted its position in shares of SPDR Portfolio S&P 500 ETF by 12.0% during the 2nd quarter. Aldebaran Financial Inc. now owns 33,238 shares of the company’s stock valued at $2,127,000 after acquiring an additional 3,551 shares during the period. Cetera Investment Advisers boosted its stake in SPDR Portfolio S&P 500 ETF by 2.9% during the second quarter. Cetera Investment Advisers now owns 2,288,932 shares of the company’s stock worth $146,492,000 after acquiring an additional 65,543 shares in the last quarter. Finally, SPC Financial Inc. grew its holdings in SPDR Portfolio S&P 500 ETF by 4.0% in the second quarter. SPC Financial Inc. now owns 300,304 shares of the company’s stock worth $19,219,000 after purchasing an additional 11,439 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Down 0.9 %

Shares of SPLG opened at $66.88 on Wednesday. The stock has a market cap of $39.00 billion, a P/E ratio of 26.64 and a beta of 1.00. The business’s fifty day moving average is $65.01 and its 200 day moving average is $63.22. SPDR Portfolio S&P 500 ETF has a 12-month low of $48.13 and a 12-month high of $67.58.

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.