Sterling Financial Group Inc. Acquires 13,800 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Sterling Financial Group Inc. lifted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 85.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,000 shares of the company’s stock after purchasing an additional 13,800 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises 0.9% of Sterling Financial Group Inc.’s portfolio, making the stock its 15th biggest holding. Sterling Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $2,025,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 8.0% during the 2nd 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 period. Creative Planning boosted its stake in shares of 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 purchasing an additional 915,823 shares during the period. Advance Capital Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.1% in the second quarter. Advance Capital Management Inc. now owns 13,569,767 shares of the company’s stock worth $868,465,000 after purchasing an additional 402,001 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio S&P 500 ETF by 13.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,281,461 shares of the company’s stock worth $658,014,000 after buying an additional 1,232,825 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its position in SPDR Portfolio S&P 500 ETF by 50.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock valued at $515,952,000 after buying an additional 2,550,000 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG stock traded down $0.26 during mid-day trading on Wednesday, reaching $68.35. The company had a trading volume of 446,943 shares, compared to its average volume of 7,165,444. The company has a market capitalization of $39.86 billion, a PE ratio of 26.64 and a beta of 1.00. The firm has a 50 day moving average of $66.49 and a 200 day moving average of $63.94. SPDR Portfolio S&P 500 ETF has a 12 month low of $48.13 and a 12 month high of $68.93.

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.