The Manufacturers Life Insurance Company Increases Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

The Manufacturers Life Insurance Company grew its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,962,906 shares of the company’s stock after acquiring an additional 96,930 shares during the period. The Manufacturers Life Insurance Company’s holdings in SPDR Portfolio S&P 500 ETF were worth $267,536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of SPDR Portfolio S&P 500 ETF by 2.8% in the 3rd quarter. Bank of Montreal Can now owns 40,471 shares of the company’s stock worth $2,720,000 after purchasing an additional 1,087 shares during the last quarter. Private Trust Co. NA raised its holdings in SPDR Portfolio S&P 500 ETF by 4.5% in the 3rd quarter. Private Trust Co. NA now owns 32,603 shares of the company’s stock worth $2,201,000 after acquiring an additional 1,406 shares during the last quarter. Independent Advisor Alliance boosted its stake in SPDR Portfolio S&P 500 ETF by 27.5% during the 3rd quarter. Independent Advisor Alliance now owns 144,727 shares of the company’s stock valued at $9,771,000 after purchasing an additional 31,260 shares during the last quarter. Prosperity Financial Group Inc. increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 25.5% in the 3rd quarter. Prosperity Financial Group Inc. now owns 17,857 shares of the company’s stock worth $1,206,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 7.5% during the third quarter. Centaurus Financial Inc. now owns 96,292 shares of the company’s stock valued at $6,501,000 after purchasing an additional 6,712 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

SPLG opened at $70.28 on Tuesday. The company’s 50-day simple moving average is $68.23 and its two-hundred day simple moving average is $65.49. SPDR Portfolio S&P 500 ETF has a 52-week low of $53.31 and a 52-week high of $70.67. The stock has a market capitalization of $40.98 billion, a P/E ratio of 26.64 and a beta of 1.00.

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.