Carmel Capital Partners LLC Invests $247,000 in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Carmel Capital Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,582 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in SPDR Portfolio S&P 500 ETF by 14,332.4% during the fourth quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after buying an additional 15,476,455 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $269,842,000. World Investment Advisors LLC raised its stake in SPDR Portfolio S&P 500 ETF by 908.3% during the third quarter. World Investment Advisors LLC now owns 1,695,058 shares of the company’s stock valued at $114,433,000 after buying an additional 1,526,942 shares in the last quarter. Gradient Investments LLC raised its position in shares of SPDR Portfolio S&P 500 ETF by 44.3% during the 4th quarter. Gradient Investments LLC now owns 4,755,325 shares of the company’s stock worth $327,832,000 after purchasing an additional 1,460,710 shares during the period. Finally, Sumitomo Life Insurance Co. raised its position in shares of SPDR Portfolio S&P 500 ETF by 18.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock worth $624,086,000 after purchasing an additional 1,410,000 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Up 1.1 %

Shares of SPDR Portfolio S&P 500 ETF stock opened at $68.60 on Thursday. The business’s 50 day simple moving average is $70.25 and its 200-day simple moving average is $68.92. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 26.92 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a twelve month low of $58.08 and a twelve month high of $72.14.

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.