Summit Financial Strategies Inc. Raises Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Summit Financial Strategies Inc. raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,790 shares of the company’s stock after buying an additional 155 shares during the quarter. Summit Financial Strategies Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hofer & Associates. Inc boosted its stake in SPDR Portfolio S&P 500 ETF by 1.2% during the second quarter. Hofer & Associates. Inc now owns 13,457 shares of the company’s stock valued at $861,000 after buying an additional 166 shares during the period. Narus Financial Partners LLC grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.7% during the second quarter. Narus Financial Partners LLC now owns 24,955 shares of the company’s stock worth $1,597,000 after purchasing an additional 167 shares in the last quarter. Crew Capital Management Ltd. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.2% during the second quarter. Crew Capital Management Ltd. now owns 14,160 shares of the company’s stock worth $906,000 after purchasing an additional 172 shares in the last quarter. Invst LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 1.5% in the second quarter. Invst LLC now owns 11,961 shares of the company’s stock worth $767,000 after purchasing an additional 172 shares during the last quarter. Finally, Defined Wealth Management LLC raised its stake in SPDR Portfolio S&P 500 ETF by 3.4% in the second quarter. Defined Wealth Management LLC now owns 5,498 shares of the company’s stock valued at $352,000 after purchasing an additional 179 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.2 %

NYSEARCA:SPLG traded up $0.11 during midday trading on Thursday, hitting $68.60. The company had a trading volume of 1,345,420 shares, compared to its average volume of 7,208,443. The stock’s fifty day moving average price is $66.03 and its 200-day moving average price is $63.71. SPDR Portfolio S&P 500 ETF has a 52-week low of $48.13 and a 52-week high of $68.93. The company has a market capitalization of $40.00 billion, a PE ratio of 26.64 and a beta of 1.00.

SPDR Portfolio S&P 500 ETF 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.