Modern Wealth Management LLC Purchases 342,755 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Modern Wealth Management LLC increased its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1,002.4% in the 2nd quarter, Holdings Channel reports. The firm owned 376,949 shares of the company’s stock after buying an additional 342,755 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $27,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 88.5% during the 2nd quarter. Bank of America Corp DE now owns 59,401,970 shares of the company’s stock worth $4,317,929,000 after acquiring an additional 27,889,948 shares during the period. Creative Planning raised its position in SPDR Portfolio S&P 500 ETF by 1.0% in the second quarter. Creative Planning now owns 31,140,324 shares of the company’s stock worth $2,263,590,000 after purchasing an additional 319,951 shares in the last quarter. Jones Financial Companies Lllp raised its position in SPDR Portfolio S&P 500 ETF by 99.4% in the first quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock worth $2,031,308,000 after purchasing an additional 15,489,573 shares in the last quarter. USS Investment Management Ltd bought a new position in SPDR Portfolio S&P 500 ETF during the first quarter worth about $1,394,006,000. Finally, Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 15,884,712 shares of the company’s stock worth $1,154,660,000 after purchasing an additional 1,624,308 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Up 0.2%

SPLG stock opened at $81.07 on Friday. SPDR Portfolio S&P 500 ETF has a 1-year low of $56.67 and a 1-year high of $81.14. The firm has a market cap of $96.48 billion, a P/E ratio of 25.61 and a beta of 1.00. The business’s 50 day moving average is $79.37 and its 200-day moving average is $76.01.

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.