N.E.W. Advisory Services LLC Invests $37.38 Million in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

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N.E.W. Advisory Services LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,031,042 shares of the company’s stock, valued at approximately $37,375,000. SPDR Portfolio S&P 500 ETF accounts for about 11.6% of N.E.W. Advisory Services LLC’s holdings, making the stock its biggest position. N.E.W. Advisory Services LLC owned about 0.68% of SPDR Portfolio S&P 500 ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 1st quarter worth approximately $25,000. PSI Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $26,000. Certified Advisory Corp grew its position in SPDR Portfolio S&P 500 ETF by 111.6% in the 1st quarter. Certified Advisory Corp now owns 1,479 shares of the company’s stock valued at $45,000 after purchasing an additional 780 shares during the period. Jacobi Capital Management LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the 1st quarter valued at $49,000. Finally, Pinnacle Bank grew its position in SPDR Portfolio S&P 500 ETF by 69.6% in the 2nd quarter. Pinnacle Bank now owns 2,200 shares of the company’s stock valued at $80,000 after purchasing an additional 903 shares during the period.

NYSEARCA:SPLG traded down $0.44 during trading hours on Thursday, hitting $36.70. 172,454 shares of the company traded hands, compared to its average volume of 4,171,502. The firm’s 50-day simple moving average is $36.09 and its 200-day simple moving average is $35.42. SPDR Portfolio S&P 500 ETF has a one year low of $25.62 and a one year high of $39.88.

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.

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Institutional Ownership by Quarter for SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

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