RiverFront Investment Group LLC Invests $63.01 Million in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

RiverFront Investment Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,127,147 shares of the company’s stock, valued at approximately $63,007,000. SPDR Portfolio S&P 500 ETF accounts for 2.0% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 17th largest holding. RiverFront Investment Group LLC owned 0.31% of SPDR Portfolio S&P 500 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Advance Capital Management Inc. raised its stake in SPDR Portfolio S&P 500 ETF by 200.6% during the fourth quarter. Advance Capital Management Inc. now owns 5,956,973 shares of the company’s stock worth $332,995,000 after buying an additional 3,975,462 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SPDR Portfolio S&P 500 ETF by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 10,044,571 shares of the company’s stock worth $504,862,000 after buying an additional 2,351,596 shares during the last quarter. 1900 Wealth Management LLC raised its stake in SPDR Portfolio S&P 500 ETF by 1,777.1% during the fourth quarter. 1900 Wealth Management LLC now owns 2,432,652 shares of the company’s stock worth $135,985,000 after buying an additional 2,303,056 shares during the last quarter. LPL Financial LLC raised its stake in SPDR Portfolio S&P 500 ETF by 10.9% during the third quarter. LPL Financial LLC now owns 22,823,121 shares of the company’s stock worth $1,147,090,000 after buying an additional 2,235,952 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC bought a new position in SPDR Portfolio S&P 500 ETF during the fourth quarter worth $110,834,000.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA SPLG traded up $0.56 during mid-day trading on Friday, reaching $59.79. 5,171,859 shares of the stock were exchanged, compared to its average volume of 8,835,651. SPDR Portfolio S&P 500 ETF has a one year low of $47.48 and a one year high of $61.69. The stock has a market cap of $33.05 billion, a P/E ratio of 25.72 and a beta of 1.00. The stock has a 50 day simple moving average of $60.16 and a 200-day simple moving average of $56.38.

SPDR Portfolio S&P 500 ETF Company 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.