Ridgeline Wealth LLC Buys New Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Ridgeline Wealth LLC purchased a new position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 220,092 shares of the company’s stock, valued at approximately $15,173,000. SPDR Portfolio S&P 500 ETF makes up approximately 12.4% of Ridgeline Wealth LLC’s portfolio, making the stock its 2nd largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth about $31,000. ORG Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at about $33,000. Highline Wealth Partners LLC bought a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $36,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SPDR Portfolio S&P 500 ETF during the 2nd quarter worth approximately $49,000. Finally, Creekmur Asset Management LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 3,595.2% in the third quarter. Creekmur Asset Management LLC now owns 776 shares of the company’s stock worth $52,000 after purchasing an additional 755 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock traded up $0.40 during trading hours on Monday, reaching $70.03. The company had a trading volume of 6,356,101 shares, compared to its average volume of 7,617,958. The business has a fifty day simple moving average of $69.90 and a 200-day simple moving average of $67.09. SPDR Portfolio S&P 500 ETF has a 12 month low of $55.08 and a 12 month high of $71.64. The company has a market cap of $40.84 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.