Spinnaker Trust Grows Holdings in SPDR Portfolio S&P 500 ETF $SPLG

Spinnaker Trust boosted its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,053,233 shares of the company’s stock after acquiring an additional 51,616 shares during the period. SPDR Portfolio S&P 500 ETF accounts for approximately 9.0% of Spinnaker Trust’s holdings, making the stock its biggest holding. Spinnaker Trust owned 0.20% of SPDR Portfolio S&P 500 ETF worth $149,250,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthShield Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 4.3% during the 1st quarter. WealthShield Partners LLC now owns 28,946 shares of the company’s stock valued at $1,904,000 after buying an additional 1,191 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 7.3% during the 1st quarter. Advisors Capital Management LLC now owns 6,848 shares of the company’s stock valued at $450,000 after buying an additional 468 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $660,000. Foundations Investment Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.9% during the 1st quarter. Foundations Investment Advisors LLC now owns 48,482 shares of the company’s stock valued at $3,188,000 after buying an additional 446 shares in the last quarter. Finally, Fortitude Financial LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 101.7% in the 1st quarter. Fortitude Financial LLC now owns 436,977 shares of the company’s stock worth $28,736,000 after purchasing an additional 220,281 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPDR Portfolio S&P 500 ETF stock opened at $80.86 on Thursday. The stock has a market cap of $95.59 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The firm’s 50-day moving average is $77.73 and its 200 day moving average is $73.02. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14.

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.