Ridgeline Wealth LLC Makes New $15.17 Million Investment in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Ridgeline Wealth LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 220,092 shares of the company’s stock, valued at approximately $15,173,000. SPDR Portfolio S&P 500 ETF makes up approximately 12.4% of Ridgeline Wealth LLC’s holdings, making the stock its 2nd biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. bought a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at $31,000. ORG Wealth Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF during the third quarter valued at about $33,000. Highline Wealth Partners LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the third quarter worth about $36,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SPDR Portfolio S&P 500 ETF in the second quarter worth about $49,000. Finally, Creekmur Asset Management LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 3,595.2% in the third quarter. Creekmur Asset Management LLC now owns 776 shares of the company’s stock valued at $52,000 after acquiring an additional 755 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Up 0.6 %

Shares of SPLG stock traded up $0.40 during trading hours on Monday, hitting $70.03. 6,356,101 shares of the company were exchanged, compared to its average volume of 7,617,958. The stock has a market capitalization of $40.84 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The firm has a fifty day simple moving average of $69.90 and a 200 day simple moving average of $67.09. SPDR Portfolio S&P 500 ETF has a 52-week low of $55.08 and a 52-week high of $71.64.

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.