Towercrest Capital Management Raises Stock Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Towercrest Capital Management grew its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLGFree Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,314 shares of the company’s stock after acquiring an additional 7,229 shares during the period. SPDR Portfolio S&P 500 ETF comprises about 1.9% of Towercrest Capital Management’s investment portfolio, making the stock its 19th biggest position. Towercrest Capital Management owned about 0.05% of SPDR Portfolio S&P 500 ETF worth $10,583,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SPLG. Concourse Financial Group Securities Inc. boosted its stake in SPDR Portfolio S&P 500 ETF by 2.8% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 8,436 shares of the company’s stock worth $472,000 after purchasing an additional 230 shares during the period. Allworth Financial LP lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 4.9% in the fourth quarter. Allworth Financial LP now owns 5,106 shares of the company’s stock worth $285,000 after buying an additional 239 shares in the last quarter. Helen Stephens Group LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 0.7% during the fourth quarter. Helen Stephens Group LLC now owns 36,498 shares of the company’s stock worth $2,040,000 after acquiring an additional 242 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in SPDR Portfolio S&P 500 ETF by 5.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,682 shares of the company’s stock valued at $262,000 after acquiring an additional 249 shares in the last quarter. Finally, E&G Advisors LP increased its holdings in SPDR Portfolio S&P 500 ETF by 0.4% in the 4th quarter. E&G Advisors LP now owns 67,349 shares of the company’s stock valued at $3,765,000 after acquiring an additional 264 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG traded up $0.08 during midday trading on Friday, hitting $62.27. 3,846,421 shares of the company traded hands, compared to its average volume of 8,393,121. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The firm has a 50 day moving average of $60.51 and a 200-day moving average of $57.46. SPDR Portfolio S&P 500 ETF has a 52 week low of $48.13 and a 52 week high of $62.51.

SPDR Portfolio S&P 500 ETF Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

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