Elevated Capital Advisors LLC Has $13.47 Million Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Elevated Capital Advisors LLC boosted its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 31.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 195,412 shares of the company’s stock after purchasing an additional 46,451 shares during the period. SPDR Portfolio S&P 500 ETF accounts for 3.7% of Elevated Capital Advisors LLC’s portfolio, making the stock its largest holding. Elevated Capital Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $13,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPLG. Blue Trust Inc. bought a new position in SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth approximately $33,000. Highline Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $36,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 2nd quarter worth approximately $49,000. Finally, Creekmur Asset Management LLC grew its position in SPDR Portfolio S&P 500 ETF by 3,595.2% during the 3rd quarter. Creekmur Asset Management LLC now owns 776 shares of the company’s stock worth $52,000 after acquiring an additional 755 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock traded up $0.11 during trading hours on Monday, hitting $68.41. 9,974,309 shares of the company’s stock were exchanged, compared to its average volume of 8,287,074. SPDR Portfolio S&P 500 ETF has a 52 week low of $55.26 and a 52 week high of $71.64. The stock has a market cap of $39.89 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The stock’s 50-day moving average is $70.04 and its 200-day moving average is $67.27.

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.