Moran Wealth Management LLC Takes $930,000 Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Moran Wealth Management LLC acquired a new position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 4th quarter, Holdings Channel reports. The firm acquired 13,491 shares of the company’s stock, valued at approximately $930,000.

Other hedge funds also recently added to or reduced their stakes in the company. New Insight Wealth Advisors lifted its position in SPDR Portfolio S&P 500 ETF by 13.4% in the fourth quarter. New Insight Wealth Advisors now owns 14,535 shares of the company’s stock valued at $1,002,000 after buying an additional 1,719 shares during the last quarter. Tilson Financial Group Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 6.5% in the 4th quarter. Tilson Financial Group Inc. now owns 66,965 shares of the company’s stock worth $4,617,000 after acquiring an additional 4,082 shares during the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $682,000. Rialto Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at approximately $102,000. Finally, PNC Financial Services Group Inc. raised its position in SPDR Portfolio S&P 500 ETF by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 353,271 shares of the company’s stock valued at $24,355,000 after purchasing an additional 4,471 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Down 0.8 %

NYSEARCA:SPLG opened at $65.42 on Wednesday. SPDR Portfolio S&P 500 ETF has a 52 week low of $58.08 and a 52 week high of $72.14. The stock’s fifty day moving average is $70.00 and its two-hundred day moving average is $68.97. The stock has a market capitalization of $54.32 billion, a price-to-earnings ratio of 26.92 and a beta of 1.01.

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.