SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) is Avidian Wealth Solutions LLC’s 6th Largest Position

Avidian Wealth Solutions LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 33.9% in the 4th quarter, HoldingsChannel reports. The fund owned 919,397 shares of the company’s stock after buying an additional 232,942 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 3.2% of Avidian Wealth Solutions LLC’s investment portfolio, making the stock its 6th biggest holding. Avidian Wealth Solutions LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $51,394,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. TCG Advisory Services LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter worth $1,386,000. Vestmark Advisory Solutions Inc. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 69.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 498,454 shares of the company’s stock worth $27,864,000 after purchasing an additional 204,592 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 14.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,369 shares of the company’s stock worth $1,809,000 after purchasing an additional 4,126 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 5.5% in the 4th quarter. 9258 Wealth Management LLC now owns 253,514 shares of the company’s stock valued at $14,171,000 after purchasing an additional 13,240 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $60,000.

SPDR Portfolio S&P 500 ETF Stock Up 1.2 %

NYSEARCA:SPLG traded up $0.72 during mid-day trading on Friday, reaching $60.13. 8,827,823 shares of the stock were exchanged, compared to its average volume of 8,710,455. The stock has a market capitalization of $33.92 billion, a P/E ratio of 25.60 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1 year low of $47.48 and a 1 year high of $61.69. The company has a 50 day simple moving average of $60.21 and a 200-day simple moving average of $56.63.

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.