Archer Investment Corp Purchases 54,018 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Archer Investment Corp raised its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 48.3% in the third quarter, Holdings Channel.com reports. The firm owned 165,969 shares of the company’s stock after acquiring an additional 54,018 shares during the period. SPDR Portfolio S&P 500 ETF makes up approximately 3.0% of Archer Investment Corp’s holdings, making the stock its 5th largest holding. Archer Investment Corp’s holdings in SPDR Portfolio S&P 500 ETF were worth $11,205,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Westwind Capital acquired a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at about $26,000. Blue Trust Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the third quarter worth $31,000. ORG Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the third quarter worth $33,000. Highline Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the third quarter worth $36,000. Finally, ESL Trust Services LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the first quarter valued at $40,000.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG traded down $0.42 on Friday, hitting $69.37. 645,562 shares of the stock were exchanged, compared to its average volume of 7,086,029. SPDR Portfolio S&P 500 ETF has a 12 month low of $52.69 and a 12 month high of $70.59. The business has a 50-day moving average of $67.50 and a two-hundred day moving average of $64.92. The firm has a market capitalization of $40.45 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

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.