SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Stock Position Increased by Archer Investment Corp

Archer Investment Corp lifted its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 48.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,969 shares of the company’s stock after acquiring an additional 54,018 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for about 3.0% of Archer Investment Corp’s portfolio, making the stock its 5th largest position. Archer Investment Corp’s holdings in SPDR Portfolio S&P 500 ETF were worth $11,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Summit Financial Strategies Inc. grew its position in shares of SPDR Portfolio S&P 500 ETF by 1.8% in the third quarter. Summit Financial Strategies Inc. now owns 8,790 shares of the company’s stock valued at $593,000 after purchasing an additional 155 shares during the last quarter. My Personal CFO LLC increased its stake in SPDR Portfolio S&P 500 ETF by 0.5% during the 3rd quarter. My Personal CFO LLC now owns 30,906 shares of the company’s stock worth $2,086,000 after buying an additional 158 shares during the period. Hofer & Associates. Inc increased its stake in SPDR Portfolio S&P 500 ETF by 1.2% during the 2nd quarter. Hofer & Associates. Inc now owns 13,457 shares of the company’s stock worth $861,000 after buying an additional 166 shares during the period. Narus Financial Partners LLC increased its stake in SPDR Portfolio S&P 500 ETF by 0.7% during the 2nd quarter. Narus Financial Partners LLC now owns 24,955 shares of the company’s stock worth $1,597,000 after buying an additional 167 shares during the period. Finally, Sigma Planning Corp increased its position in shares of SPDR Portfolio S&P 500 ETF by 0.7% in the 3rd quarter. Sigma Planning Corp now owns 24,240 shares of the company’s stock worth $1,636,000 after purchasing an additional 170 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 0.6 %

Shares of SPLG traded down $0.42 during midday trading on Friday, hitting $69.37. The company had a trading volume of 645,562 shares, compared to its average volume of 7,086,029. SPDR Portfolio S&P 500 ETF has a 52 week low of $52.69 and a 52 week high of $70.59. The company’s 50 day moving average price is $67.50 and its 200 day moving average price is $64.92. The stock has a market cap of $40.45 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

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.