GM Advisory Group LLC Has $278.53 Million Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

GM Advisory Group LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 16.4% in the 4th quarter, Holdings Channel reports. The firm owned 4,040,140 shares of the company’s stock after acquiring an additional 569,953 shares during the period. SPDR Portfolio S&P 500 ETF makes up 15.4% of GM Advisory Group LLC’s investment portfolio, making the stock its largest holding. GM Advisory Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $278,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Swmg LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.3% in the 4th quarter. Swmg LLC now owns 49,271 shares of the company’s stock valued at $3,515,000 after acquiring an additional 144 shares during the last quarter. Integrity Wealth Solutions LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.5% in the 4th quarter. Integrity Wealth Solutions LLC now owns 28,653 shares of the company’s stock valued at $1,975,000 after acquiring an additional 145 shares during the last quarter. Key Financial Inc lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.6% in the 4th quarter. Key Financial Inc now owns 9,410 shares of the company’s stock valued at $649,000 after acquiring an additional 146 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.3% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 4,671 shares of the company’s stock valued at $322,000 after acquiring an additional 148 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 19.9% in the 4th quarter. Sound Income Strategies LLC now owns 922 shares of the company’s stock valued at $64,000 after acquiring an additional 153 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Down 1.0 %

Shares of NYSEARCA:SPLG opened at $66.01 on Wednesday. SPDR Portfolio S&P 500 ETF has a 12 month low of $58.09 and a 12 month high of $72.14. The company has a 50-day moving average price of $69.66 and a 200 day moving average price of $68.97. The company has a market cap of $55.39 billion, a price-to-earnings ratio of 24.69 and a beta of 1.01.

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.