RiverFront Investment Group LLC Purchases 24,958 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

RiverFront Investment Group LLC increased its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,219,301 shares of the company’s stock after acquiring an additional 24,958 shares during the period. SPDR Portfolio S&P 500 ETF comprises approximately 1.9% of RiverFront Investment Group LLC’s portfolio, making the stock its 19th biggest holding. RiverFront Investment Group LLC owned about 0.21% of SPDR Portfolio S&P 500 ETF worth $84,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in SPDR Portfolio S&P 500 ETF by 14,332.4% in 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 purchasing an additional 15,476,455 shares during the period. Raymond James Financial Inc. bought a new position in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $269,842,000. LPL Financial LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 10.4% during the fourth quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock worth $2,710,503,000 after buying an additional 3,697,646 shares during the last quarter. Independent Advisor Alliance raised its position in SPDR Portfolio S&P 500 ETF by 2,019.1% in the fourth quarter. Independent Advisor Alliance now owns 3,066,946 shares of the company’s stock worth $211,435,000 after acquiring an additional 2,922,219 shares during the period. Finally, Natixis Advisors LLC raised its position in SPDR Portfolio S&P 500 ETF by 200.4% in the fourth quarter. Natixis Advisors LLC now owns 3,179,840 shares of the company’s stock worth $219,218,000 after acquiring an additional 2,121,179 shares during the period.

SPDR Portfolio S&P 500 ETF Stock Down 2.3 %

SPDR Portfolio S&P 500 ETF stock opened at $65.37 on Friday. The company has a market capitalization of $54.86 billion, a P/E ratio of 24.69 and a beta of 1.01. The firm has a 50 day moving average price of $69.28 and a 200-day moving average price of $69.02. SPDR Portfolio S&P 500 ETF has a twelve month low of $58.09 and a twelve month high of $72.14.

SPDR Portfolio S&P 500 ETF Cuts Dividend

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

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.