Denver Wealth Management Inc. Grows Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Denver Wealth Management Inc. grew its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 743,085 shares of the company’s stock after purchasing an additional 24,511 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises 23.2% of Denver Wealth Management Inc.’s holdings, making the stock its biggest position. Denver Wealth Management Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $50,166,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC increased its position in SPDR Portfolio S&P 500 ETF by 8.0% during the second quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock valued at $2,056,177,000 after acquiring an additional 2,389,144 shares during the last quarter. Creative Planning increased its position in SPDR Portfolio S&P 500 ETF by 3.2% during the third quarter. Creative Planning now owns 29,491,836 shares of the company’s stock valued at $1,990,994,000 after acquiring an additional 915,823 shares during the last quarter. Advance Capital Management Inc. increased its position in SPDR Portfolio S&P 500 ETF by 3.1% during the second quarter. Advance Capital Management Inc. now owns 13,569,767 shares of the company’s stock valued at $868,465,000 after acquiring an additional 402,001 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio S&P 500 ETF by 13.6% during the second quarter. Envestnet Asset Management Inc. now owns 10,281,461 shares of the company’s stock valued at $658,014,000 after acquiring an additional 1,232,825 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its position in SPDR Portfolio S&P 500 ETF by 50.1% during the third quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock valued at $515,952,000 after acquiring an additional 2,550,000 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 0.3 %

SPLG traded down $0.19 during midday trading on Monday, reaching $68.56. The company had a trading volume of 2,938,414 shares, compared to its average volume of 7,192,109. The business has a 50-day moving average of $66.28 and a two-hundred day moving average of $63.83. The company has a market cap of $39.98 billion, a P/E ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1 year low of $48.13 and a 1 year high of $68.93.

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.