Cornerstone Wealth Management LLC Has $37.17 Million Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Management LLC raised its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 539,175 shares of the company’s stock after buying an additional 3,311 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises about 2.5% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 5th largest holding. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $37,171,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SPLG. National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 154.4% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock valued at $510,038,000 after purchasing an additional 4,585,000 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in SPDR Portfolio S&P 500 ETF by 50.1% in the third quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock valued at $515,952,000 after purchasing an additional 2,550,000 shares in the last quarter. World Investment Advisors LLC increased its stake in SPDR Portfolio S&P 500 ETF by 908.3% in the 3rd quarter. World Investment Advisors LLC now owns 1,695,058 shares of the company’s stock valued at $114,433,000 after buying an additional 1,526,942 shares during the last quarter. Creative Planning lifted its position in SPDR Portfolio S&P 500 ETF by 3.6% during the 2nd quarter. Creative Planning now owns 28,576,013 shares of the company’s stock worth $1,828,865,000 after buying an additional 1,005,769 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth about $45,687,000.

SPDR Portfolio S&P 500 ETF Stock Performance

NYSEARCA:SPLG opened at $71.73 on Friday. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.80 and a 52-week high of $71.73. The company has a market cap of $41.83 billion, a P/E ratio of 26.64 and a beta of 1.00. The stock’s 50-day simple moving average is $70.11 and its 200 day simple moving average is $67.55.

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.