Cornerstone Wealth Group LLC Invests $205,000 in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Group LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,335 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPLG. Northwest Capital Management Inc boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 0.8% in the 1st quarter. Northwest Capital Management Inc now owns 22,580 shares of the company’s stock worth $1,389,000 after buying an additional 180 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its position in SPDR Portfolio S&P 500 ETF by 2.8% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 8,436 shares of the company’s stock worth $472,000 after purchasing an additional 230 shares during the last quarter. Allworth Financial LP boosted its position in SPDR Portfolio S&P 500 ETF by 4.9% in the fourth quarter. Allworth Financial LP now owns 5,106 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares during the last quarter. Helen Stephens Group LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 0.7% during the 4th quarter. Helen Stephens Group LLC now owns 36,498 shares of the company’s stock valued at $2,040,000 after purchasing an additional 242 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 5.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,682 shares of the company’s stock valued at $262,000 after purchasing an additional 249 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 0.4 %

SPLG traded down $0.24 during trading on Friday, hitting $64.00. The company’s stock had a trading volume of 5,948,198 shares, compared to its average volume of 7,719,808. The business’s 50 day simple moving average is $62.05 and its 200-day simple moving average is $59.68. The firm has a market cap of $37.32 billion, a PE ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a one year low of $48.13 and a one year high of $64.72.

SPDR Portfolio S&P 500 ETF Company 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.