Foundations Investment Advisors LLC Purchases 149,596 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Foundations Investment Advisors LLC boosted its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 319.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,404 shares of the company’s stock after acquiring an additional 149,596 shares during the period. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $15,386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of SPDR Portfolio S&P 500 ETF by 88.5% during the second quarter. Bank of America Corp DE now owns 59,401,970 shares of the company’s stock worth $4,317,929,000 after purchasing an additional 27,889,948 shares during the period. Creative Planning increased its stake in SPDR Portfolio S&P 500 ETF by 1.0% during the 2nd quarter. Creative Planning now owns 31,140,324 shares of the company’s stock valued at $2,263,590,000 after purchasing an additional 319,951 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings 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 buying an additional 1,624,308 shares during the last quarter. Kedalion Capital Management LLP lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 83.7% in the third quarter. Kedalion Capital Management LLP now owns 12,884,000 shares of the company’s stock valued at $1,009,333,000 after buying an additional 5,869,620 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 17.2% in the second quarter. CWM LLC now owns 9,940,516 shares of the company’s stock valued at $722,576,000 after buying an additional 1,456,291 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA SPLG opened at $81.85 on Thursday. The company has a 50-day moving average price of $80.48 and a 200-day moving average price of $78.26. The stock has a market capitalization of $97.41 billion, a P/E ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.