Sumitomo Life Insurance Co. Has $624.09 Million Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Sumitomo Life Insurance Co. grew its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,052,600 shares of the company’s stock after buying an additional 1,410,000 shares during the period. SPDR Portfolio S&P 500 ETF comprises 11.8% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 3rd largest position. Sumitomo Life Insurance Co.’s holdings in SPDR Portfolio S&P 500 ETF were worth $624,086,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPLG. Blue Trust Inc. bought a new position in SPDR Portfolio S&P 500 ETF in the third quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $33,000. Highline Wealth Partners LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $36,000. West Branch Capital LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $41,000. Finally, Decker Retirement Planning Inc. bought a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter worth $43,000.

SPDR Portfolio S&P 500 ETF Stock Performance

SPLG stock opened at $71.12 on Wednesday. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.80 and a 1 year high of $71.85. The stock has a market capitalization of $41.47 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The stock’s fifty day moving average is $70.26 and its two-hundred day moving average is $67.72.

SPDR Portfolio S&P 500 ETF Company 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.