Arrien Investments Inc. Takes Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Arrien Investments Inc. bought a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 271,298 shares of the company’s stock, valued at approximately $19,306,000. SPDR Portfolio S&P 500 ETF makes up 13.8% of Arrien Investments Inc.’s holdings, making the stock its 3rd largest position.

A number of other hedge funds have also modified their holdings of the company. Elevation Wealth Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $26,000. Hemington Wealth Management acquired a new position in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $37,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at approximately $39,000. Finally, Basso Capital Management L.P. bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $40,000.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG opened at $66.20 on Monday. The firm has a market capitalization of $55.55 billion, a price-to-earnings ratio of 24.69 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $58.08 and a fifty-two week high of $72.14. The company’s 50 day moving average price is $69.79 and its two-hundred day moving average price is $68.96.

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.