Meridian Financial LLC raised its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,429 shares of the company’s stock after purchasing an additional 572 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 2.7% of Meridian Financial LLC’s investment portfolio, making the stock its 8th biggest holding. Meridian Financial LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $3,890,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC boosted its position in SPDR Portfolio S&P 500 ETF by 39.5% during the fourth quarter. Sandy Cove Advisors LLC now owns 4,310 shares of the company’s stock worth $297,000 after purchasing an additional 1,221 shares in the last quarter. Riversedge Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $477,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $6,524,000. Orgel Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $230,000. Finally, HB Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter worth $264,000.
SPDR Portfolio S&P 500 ETF Stock Up 1.0 %
SPLG stock opened at $70.29 on Friday. The stock has a market capitalization of $40.99 billion, a P/E ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52 week low of $55.56 and a 52 week high of $71.64. The firm has a 50-day simple moving average of $70.08 and a 200-day simple moving average of $67.43.
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.
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