WealthTrak Capital Management LLC Invests $14.53 Million in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

WealthTrak Capital Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 210,762 shares of the company’s stock, valued at approximately $14,530,000. SPDR Portfolio S&P 500 ETF accounts for about 12.3% of WealthTrak Capital Management LLC’s investment portfolio, making the stock its biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 14,332.4% during the fourth quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after acquiring an additional 15,476,455 shares during the period. Raymond James Financial Inc. bought a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $269,842,000. LPL Financial LLC grew its position in SPDR Portfolio S&P 500 ETF by 10.4% in the 4th quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock worth $2,710,503,000 after purchasing an additional 3,697,646 shares during the last quarter. Independent Advisor Alliance grew its position in SPDR Portfolio S&P 500 ETF by 2,019.1% in the 4th quarter. Independent Advisor Alliance now owns 3,066,946 shares of the company’s stock worth $211,435,000 after purchasing an additional 2,922,219 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 200.4% during the fourth quarter. Natixis Advisors LLC now owns 3,179,840 shares of the company’s stock valued at $219,218,000 after buying an additional 2,121,179 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Down 2.3 %

Shares of NYSEARCA SPLG opened at $65.37 on Friday. SPDR Portfolio S&P 500 ETF has a 12-month low of $58.09 and a 12-month high of $72.14. The company has a market cap of $54.86 billion, a PE ratio of 24.69 and a beta of 1.01. The stock has a 50 day simple moving average of $69.28 and a 200-day simple moving average of $69.02.

SPDR Portfolio S&P 500 ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 28th will be paid a $0.2174 dividend. The ex-dividend date is Friday, March 28th.

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.