Focus Financial Network Inc. Has $23.97 Million Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Focus Financial Network Inc. raised its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 347,708 shares of the company’s stock after purchasing an additional 21,364 shares during the period. SPDR Portfolio S&P 500 ETF makes up about 1.0% of Focus Financial Network Inc.’s investment portfolio, making the stock its 20th biggest holding. Focus Financial Network Inc. owned about 0.06% of SPDR Portfolio S&P 500 ETF worth $23,971,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPLG. Paladin Wealth LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 37.1% in the 4th quarter. Paladin Wealth LLC now owns 142,133 shares of the company’s stock valued at $9,799,000 after purchasing an additional 38,469 shares during the period. International Private Wealth Advisors LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 189.2% in the fourth quarter. International Private Wealth Advisors LLC now owns 32,349 shares of the company’s stock valued at $2,230,000 after buying an additional 21,164 shares in the last quarter. FSR Wealth Management Ltd. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $1,273,000. Elevation Wealth Partners LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $26,000. Finally, Fonville Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.6% during the fourth quarter. Fonville Wealth Management LLC now owns 49,935 shares of the company’s stock worth $3,443,000 after acquiring an additional 1,737 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Up 0.7 %

SPLG opened at $71.15 on Tuesday. The firm’s fifty day simple moving average is $70.36 and its 200 day simple moving average is $68.04. The stock has a market capitalization of $41.49 billion, a P/E ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12 month low of $57.72 and a 12 month high of $71.85.

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.