Summit Financial Wealth Advisors LLC Takes $26.89 Million Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Summit Financial Wealth Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 398,372 shares of the company’s stock, valued at approximately $26,894,000. SPDR Portfolio S&P 500 ETF comprises 5.0% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Summit Financial Wealth Advisors LLC owned 0.07% of SPDR Portfolio S&P 500 ETF at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 2nd quarter worth approximately $308,840,000. National Mutual Insurance Federation of Agricultural Cooperatives increased its position in SPDR Portfolio S&P 500 ETF by 154.4% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after buying an additional 4,585,000 shares during the period. LPL Financial LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 8.0% in the second quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock valued at $2,056,177,000 after buying an additional 2,389,144 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 350.8% during the first quarter. Cetera Investment Advisers now owns 2,223,389 shares of the company’s stock valued at $136,805,000 after acquiring an additional 1,730,168 shares during the period. Finally, Savant Capital LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth about $82,572,000.

SPDR Portfolio S&P 500 ETF Stock Up 0.3 %

Shares of NYSEARCA:SPLG opened at $70.28 on Tuesday. The company’s 50-day moving average price is $68.23 and its 200 day moving average price is $65.49. The company has a market cap of $40.98 billion, a PE ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $53.31 and a fifty-two week high of $70.67.

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.