StoneCrest Wealth Management Inc. Has $7.49 Million Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

StoneCrest Wealth Management Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,865 shares of the company’s stock after purchasing an additional 1,640 shares during the period. SPDR Portfolio S&P 500 ETF comprises 4.8% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 3rd biggest holding. StoneCrest Wealth Management Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $7,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPLG. Chemistry Wealth Management LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 7.5% during the 1st quarter. Chemistry Wealth Management LLC now owns 9,004 shares of the company’s stock valued at $592,000 after purchasing an additional 628 shares in the last quarter. Pitti Group Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 ETF in the first quarter valued at approximately $2,174,000. Burkett Financial Services LLC bought a new position in SPDR Portfolio S&P 500 ETF in the first quarter valued at approximately $47,000. Prospect Financial Services LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the first quarter worth $421,000. Finally, MKT Advisors LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 19.4% during the first quarter. MKT Advisors LLC now owns 71,381 shares of the company’s stock worth $4,694,000 after purchasing an additional 11,620 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 1.0%

Shares of NYSEARCA SPLG opened at $70.47 on Friday. The company’s fifty day moving average is $65.78 and its 200-day moving average is $68.28. The stock has a market cap of $68.49 billion, a price-to-earnings ratio of 24.62 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a twelve month low of $56.67 and a twelve month high of $72.14.

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.