Summit Financial Wealth Advisors LLC Makes New Investment in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Summit Financial Wealth Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 398,372 shares of the company’s stock, valued at approximately $26,894,000. SPDR Portfolio S&P 500 ETF accounts for 5.0% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Westwind Capital bought a new position in SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $26,000. Blue Trust Inc. bought a new position in SPDR Portfolio S&P 500 ETF during the third quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the third quarter worth about $33,000. Highline Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $36,000. Finally, ORG Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at about $41,000.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA SPLG opened at $70.28 on Tuesday. The company has a market capitalization of $40.98 billion, a P/E ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12 month low of $53.31 and a 12 month high of $70.67. The company’s 50 day simple moving average is $68.23 and its 200 day simple moving average is $65.49.

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.