SPDR Portfolio S&P 500 ETF $SPLG is Avidian Wealth Enterprises LLC’s 8th Largest Position

Avidian Wealth Enterprises LLC cut its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 22.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,291 shares of the company’s stock after selling 222,505 shares during the period. SPDR Portfolio S&P 500 ETF accounts for about 2.3% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 8th largest position. Avidian Wealth Enterprises LLC owned approximately 0.07% of SPDR Portfolio S&P 500 ETF worth $55,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPLG. USS Investment Management Ltd purchased a new stake in shares of SPDR Portfolio S&P 500 ETF during the 1st quarter worth about $1,394,006,000. Jones Financial Companies Lllp raised its stake in shares of SPDR Portfolio S&P 500 ETF by 99.4% during the 1st quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock worth $2,031,308,000 after purchasing an additional 15,489,573 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of SPDR Portfolio S&P 500 ETF by 38.6% during the 1st quarter. Allianz Asset Management GmbH now owns 12,846,198 shares of the company’s stock worth $844,766,000 after purchasing an additional 3,577,176 shares in the last quarter. LPL Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 6.7% during the 1st quarter. LPL Financial LLC now owns 41,960,691 shares of the company’s stock worth $2,759,335,000 after purchasing an additional 2,643,842 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the 1st quarter valued at about $167,317,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPLG opened at $78.97 on Tuesday. The firm has a market cap of $92.00 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The business’s 50-day simple moving average is $77.15 and its 200-day simple moving average is $72.11. SPDR Portfolio S&P 500 ETF has a 52 week low of $56.67 and a 52 week high of $79.28.

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.