SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) is Independent Wealth Network Inc.’s 2nd Largest Position

Independent Wealth Network Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 19.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 141,816 shares of the company’s stock after purchasing an additional 23,006 shares during the period. SPDR Portfolio S&P 500 ETF accounts for about 4.0% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 2nd biggest holding. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $9,777,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPLG. GoalVest Advisory LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 1.4% during the 4th quarter. GoalVest Advisory LLC now owns 20,451 shares of the company’s stock valued at $1,410,000 after buying an additional 285 shares during the last quarter. Park Place Capital Corp grew its holdings in SPDR Portfolio S&P 500 ETF by 102.8% during the 4th quarter. Park Place Capital Corp now owns 42,530 shares of the company’s stock valued at $2,932,000 after buying an additional 21,557 shares during the last quarter. Magnus Financial Group LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 7.3% during the 4th quarter. Magnus Financial Group LLC now owns 19,336 shares of the company’s stock valued at $1,333,000 after buying an additional 1,315 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at $234,000. Finally, Advisory Alpha LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 7.4% during the 4th quarter. Advisory Alpha LLC now owns 217,848 shares of the company’s stock valued at $15,018,000 after buying an additional 15,065 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA:SPLG opened at $71.34 on Thursday. The business’s fifty day moving average price is $70.09 and its two-hundred day moving average price is $67.52. The stock has a market cap of $41.60 billion, a PE ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a one year low of $56.80 and a one year high of $71.64.

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.