Archer Investment Corp Acquires 18,217 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Archer Investment Corp grew its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 11.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 184,186 shares of the company’s stock after buying an additional 18,217 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up approximately 3.4% of Archer Investment Corp’s portfolio, making the stock its 3rd largest holding. Archer Investment Corp’s holdings in SPDR Portfolio S&P 500 ETF were worth $12,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Swmg LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 0.3% in the fourth quarter. Swmg LLC now owns 49,271 shares of the company’s stock valued at $3,515,000 after purchasing an additional 144 shares during the last quarter. Integrity Wealth Solutions LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.5% during the fourth quarter. Integrity Wealth Solutions LLC now owns 28,653 shares of the company’s stock worth $1,975,000 after buying an additional 145 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 19.9% in the fourth quarter. Sound Income Strategies LLC now owns 922 shares of the company’s stock valued at $64,000 after acquiring an additional 153 shares during the period. Summit Financial Strategies Inc. grew its stake in shares of SPDR Portfolio S&P 500 ETF by 1.8% in the third quarter. Summit Financial Strategies Inc. now owns 8,790 shares of the company’s stock worth $593,000 after acquiring an additional 155 shares during the last quarter. Finally, My Personal CFO LLC raised its stake in SPDR Portfolio S&P 500 ETF by 0.5% during the 3rd quarter. My Personal CFO LLC now owns 30,906 shares of the company’s stock valued at $2,086,000 after purchasing an additional 158 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA SPLG opened at $71.33 on Friday. The company’s fifty day moving average is $70.35 and its two-hundred day moving average is $67.93. SPDR Portfolio S&P 500 ETF has a 52-week low of $57.72 and a 52-week high of $71.85. The firm has a market capitalization of $41.60 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

SPDR Portfolio S&P 500 ETF 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.