Fonville Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Fonville Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,476 shares of the company’s stock, valued at approximately $2,654,000. SPDR Portfolio S&P 500 ETF comprises about 1.4% of Fonville Wealth Management LLC’s portfolio, making the stock its 26th largest holding.

Other hedge funds have also modified their holdings of the company. SOL Capital Management CO grew its position in shares of SPDR Portfolio S&P 500 ETF by 21.3% during the fourth quarter. SOL Capital Management CO now owns 183,230 shares of the company’s stock worth $10,243,000 after acquiring an additional 32,235 shares during the last quarter. Raymond James & Associates grew its position in shares of SPDR Portfolio S&P 500 ETF by 30.8% during the fourth quarter. Raymond James & Associates now owns 1,138,737 shares of the company’s stock worth $63,655,000 after acquiring an additional 268,157 shares during the last quarter. Goodman Financial Corp grew its position in shares of SPDR Portfolio S&P 500 ETF by 1.5% during the third quarter. Goodman Financial Corp now owns 73,232 shares of the company’s stock worth $3,681,000 after acquiring an additional 1,060 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of SPDR Portfolio S&P 500 ETF by 48.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,120 shares of the company’s stock worth $1,413,000 after acquiring an additional 9,124 shares during the last quarter. Finally, Access Financial Services Inc. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth approximately $1,437,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.2 %

NYSEARCA:SPLG traded down $0.12 during midday trading on Thursday, reaching $58.76. The stock had a trading volume of 12,670,327 shares, compared to its average volume of 8,909,265. The firm has a fifty day simple moving average of $60.11 and a two-hundred day simple moving average of $55.95. SPDR Portfolio S&P 500 ETF has a 12-month low of $47.48 and a 12-month high of $61.69. The stock has a market cap of $32.48 billion, a P/E ratio of 25.72 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.