Cornerstone Wealth Management LLC Increases Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cornerstone Wealth Management LLC increased its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 535,864 shares of the company’s stock after acquiring an additional 6,744 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises about 2.5% of Cornerstone Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $36,176,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC increased its stake in SPDR Portfolio S&P 500 ETF by 8.0% in the 2nd quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after acquiring an additional 2,389,144 shares during the last quarter. Creative Planning grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.2% during the third quarter. Creative Planning now owns 29,491,836 shares of the company’s stock worth $1,990,994,000 after purchasing an additional 915,823 shares in the last quarter. Advance Capital Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.1% during the second quarter. Advance Capital Management Inc. now owns 13,569,767 shares of the company’s stock worth $868,465,000 after purchasing an additional 402,001 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio S&P 500 ETF by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 10,281,461 shares of the company’s stock worth $658,014,000 after purchasing an additional 1,232,825 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in SPDR Portfolio S&P 500 ETF by 50.1% in the third quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock valued at $515,952,000 after purchasing an additional 2,550,000 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPDR Portfolio S&P 500 ETF stock opened at $68.48 on Thursday. SPDR Portfolio S&P 500 ETF has a 1 year low of $48.13 and a 1 year high of $68.83. The firm has a market cap of $39.93 billion, a PE ratio of 26.64 and a beta of 1.00. The company has a 50 day simple moving average of $66.03 and a two-hundred day simple moving average of $63.71.

SPDR Portfolio S&P 500 ETF 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.