Cornerstone Wealth Group LLC Buys 47,630 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Group LLC raised its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 113.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 89,516 shares of the company’s stock after acquiring an additional 47,630 shares during the period. Cornerstone Wealth Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $5,887,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signature Resources Capital Management LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 1,200.0% in the 1st quarter. Signature Resources Capital Management LLC now owns 455 shares of the company’s stock valued at $30,000 after buying an additional 420 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $37,000. Clarity Asset Management Inc. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $38,000. Basso Capital Management L.P. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $40,000. Finally, Curio Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $41,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA:SPLG opened at $70.79 on Tuesday. The company has a market capitalization of $70.45 billion, a price-to-earnings ratio of 25.31 and a beta of 1.01. The business’s 50-day moving average is $67.69 and its 200-day moving average is $68.24. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $72.14.

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.