Bay Capital Advisors LLC Raises Stake in SPDR Portfolio S&P 500 ETF $SPLG

Bay Capital Advisors LLC grew its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.8% during the 2nd quarter, Holdings Channel reports. The fund owned 206,635 shares of the company’s stock after buying an additional 7,614 shares during the period. SPDR Portfolio S&P 500 ETF comprises 11.4% of Bay Capital Advisors LLC’s portfolio, making the stock its biggest holding. Bay Capital Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $15,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. USS Investment Management Ltd purchased a new position in SPDR Portfolio S&P 500 ETF during the first quarter valued at $1,394,006,000. Jones Financial Companies Lllp boosted its position in SPDR Portfolio S&P 500 ETF by 99.4% in the 1st quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock valued at $2,031,308,000 after buying an additional 15,489,573 shares during the period. Allianz Asset Management GmbH lifted its position in shares of SPDR Portfolio S&P 500 ETF by 38.6% in the 1st quarter. Allianz Asset Management GmbH now owns 12,846,198 shares of the company’s stock worth $844,766,000 after purchasing an additional 3,577,176 shares during the period. LPL Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 6.7% in the 1st quarter. LPL Financial LLC now owns 41,960,691 shares of the company’s stock worth $2,759,335,000 after purchasing an additional 2,643,842 shares during the period. Finally, SCS Capital Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the 1st quarter worth approximately $167,317,000.

SPDR Portfolio S&P 500 ETF Stock Up 0.5%

NYSEARCA:SPLG opened at $78.68 on Tuesday. SPDR Portfolio S&P 500 ETF has a 52 week low of $56.67 and a 52 week high of $78.74. The firm has a 50 day moving average of $75.53 and a 200 day moving average of $70.36. The stock has a market capitalization of $83.51 billion, a price-to-earnings ratio of 25.61 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.