Maridea Wealth Management LLC Purchases New Shares in SPDR Portfolio S&P 500 ETF $SPLG

Maridea Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,493 shares of the company’s stock, valued at approximately $5,093,000. SPDR Portfolio S&P 500 ETF accounts for 0.8% of Maridea Wealth Management LLC’s holdings, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted 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 acquiring an additional 27,889,948 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in SPDR Portfolio S&P 500 ETF by 15.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 50,982,604 shares of the company’s stock valued at $3,968,996,000 after buying an additional 6,782,445 shares in the last quarter. Creative Planning increased its position in shares of SPDR Portfolio S&P 500 ETF by 1.0% during the second quarter. Creative Planning now owns 31,140,324 shares of the company’s stock valued at $2,263,590,000 after buying an additional 319,951 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 6.2% in the third quarter. Envestnet Asset Management Inc. now owns 16,868,988 shares of the company’s stock worth $1,321,517,000 after buying an additional 984,276 shares in the last quarter. Finally, Kedalion Capital Management LLP lifted its stake in SPDR Portfolio S&P 500 ETF by 83.7% in the 3rd quarter. Kedalion Capital Management LLP now owns 12,884,000 shares of the company’s stock worth $1,009,333,000 after purchasing an additional 5,869,620 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG stock opened at $80.20 on Wednesday. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.67 and a 52-week high of $81.14. The company has a market capitalization of $95.44 billion, a PE ratio of 25.61 and a beta of 1.00. The business’s fifty day moving average is $80.91 and its 200 day moving average is $78.97.

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