Hobbs Group Advisors LLC Invests $9.95 Million in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Hobbs Group Advisors LLC bought a new stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 144,269 shares of the company’s stock, valued at approximately $9,946,000. SPDR Portfolio S&P 500 ETF accounts for 3.7% of Hobbs Group Advisors LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in SPLG. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 10.4% in the fourth quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock valued at $2,710,503,000 after purchasing an additional 3,697,646 shares during the period. Jones Financial Companies Lllp lifted its position in shares of SPDR Portfolio S&P 500 ETF by 14,332.4% during the 4th quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after buying an additional 15,476,455 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in SPDR Portfolio S&P 500 ETF by 18.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock valued at $624,086,000 after acquiring an additional 1,410,000 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in SPDR Portfolio S&P 500 ETF by 18.5% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 8,953,000 shares of the company’s stock worth $617,220,000 after acquiring an additional 1,398,000 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its position in SPDR Portfolio S&P 500 ETF by 0.4% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 5,014,392 shares of the company’s stock worth $345,692,000 after acquiring an additional 19,303 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Down 2.3 %

SPLG opened at $65.37 on Friday. The company has a market cap of $54.86 billion, a price-to-earnings ratio of 24.69 and a beta of 1.01. The firm’s fifty day simple moving average is $69.28 and its two-hundred day simple moving average is $69.02. SPDR Portfolio S&P 500 ETF has a 52-week low of $58.09 and a 52-week high of $72.14.

SPDR Portfolio S&P 500 ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 28th will be issued a $0.2174 dividend. The ex-dividend date of this dividend is Friday, March 28th.

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.