Independent Advisor Alliance Boosts Stock Position in SPDR Portfolio S&P 500 ETF $SPLG

Independent Advisor Alliance lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 6.4% in the third quarter, Holdings Channel.com reports. The fund owned 196,370 shares of the company’s stock after purchasing an additional 11,776 shares during the period. Independent Advisor Alliance’s holdings in SPDR Portfolio S&P 500 ETF were worth $15,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC bought a new position in SPDR Portfolio S&P 500 ETF in the 2nd quarter worth about $30,000. GPS Wealth Strategies Group LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 194.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock valued at $36,000 after acquiring an additional 323 shares during the period. GAMMA Investing LLC purchased a new position in SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $40,000. Elevation Wealth Partners LLC grew its stake in SPDR Portfolio S&P 500 ETF by 52.4% during the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock valued at $45,000 after acquiring an additional 197 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 246.4% during the 2nd quarter. Crewe Advisors LLC now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 451 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA:SPLG opened at $81.40 on Friday. The firm has a fifty day moving average price of $80.66 and a two-hundred day moving average price of $78.38. The company has a market cap of $96.87 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a one year low of $56.67 and a one year high of $81.14.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.