SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) is Sumitomo Life Insurance Co.’s 3rd Largest Position

Sumitomo Life Insurance Co. boosted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,052,600 shares of the company’s stock after purchasing an additional 1,410,000 shares during the period. SPDR Portfolio S&P 500 ETF makes up about 11.8% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 3rd biggest holding. Sumitomo Life Insurance Co. owned approximately 1.55% of SPDR Portfolio S&P 500 ETF worth $624,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Foster Group Inc. purchased a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $345,000. Gateway Wealth Partners LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 350.0% in the fourth quarter. Gateway Wealth Partners LLC now owns 165,335 shares of the company’s stock worth $11,398,000 after acquiring an additional 128,592 shares in the last quarter. Mayflower Financial Advisors LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 15.2% in the fourth quarter. Mayflower Financial Advisors LLC now owns 326,998 shares of the company’s stock valued at $22,543,000 after purchasing an additional 43,179 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in SPDR Portfolio S&P 500 ETF by 0.5% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 138,614 shares of the company’s stock valued at $9,556,000 after purchasing an additional 659 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in SPDR Portfolio S&P 500 ETF by 6.4% during the 4th quarter. Perigon Wealth Management LLC now owns 52,091 shares of the company’s stock valued at $3,626,000 after purchasing an additional 3,123 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.9 %

Shares of SPLG opened at $71.12 on Wednesday. The firm has a market cap of $41.47 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The business’s 50 day moving average is $70.26 and its two-hundred day moving average is $67.72. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.80 and a 52-week high of $71.85.

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.