Hudson Valley Investment Advisors Inc. ADV Acquires New Stake in SPDR Portfolio S&P 500 ETF $SPLG

Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 37,666 shares of the company’s stock, valued at approximately $2,738,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPLG. USS Investment Management Ltd bought a new position in SPDR Portfolio S&P 500 ETF during the 1st quarter valued at approximately $1,394,006,000. Jones Financial Companies Lllp increased its position in SPDR Portfolio S&P 500 ETF by 99.4% during the 1st quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock valued at $2,031,308,000 after buying an additional 15,489,573 shares in the last quarter. Allianz Asset Management GmbH increased its position in SPDR Portfolio S&P 500 ETF by 38.6% during the 1st quarter. Allianz Asset Management GmbH now owns 12,846,198 shares of the company’s stock valued at $844,766,000 after buying an additional 3,577,176 shares in the last quarter. LPL Financial LLC increased its position in SPDR Portfolio S&P 500 ETF by 6.7% during the 1st quarter. LPL Financial LLC now owns 41,960,691 shares of the company’s stock valued at $2,759,335,000 after buying an additional 2,643,842 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the 1st quarter valued at $167,317,000.

SPDR Portfolio S&P 500 ETF Trading Up 0.0%

Shares of SPLG opened at $78.73 on Friday. The business’s fifty day simple moving average is $76.28 and its two-hundred day simple moving average is $71.07. SPDR Portfolio S&P 500 ETF has a 12 month low of $56.67 and a 12 month high of $79.13. The company has a market cap of $87.22 billion, a price-to-earnings ratio of 25.61 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.