390,693 Shares in SPDR Portfolio S&P 500 ETF $SPLG Acquired by Beacon Capital Management Inc.

Beacon Capital Management Inc. purchased a new stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 390,693 shares of the company’s stock, valued at approximately $30,607,000. SPDR Portfolio S&P 500 ETF accounts for approximately 1.5% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPLG. Consolidated Planning Corp lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 2.3% during the second quarter. Consolidated Planning Corp now owns 6,079 shares of the company’s stock worth $442,000 after buying an additional 137 shares in the last quarter. Westover Capital Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 0.4% in the second quarter. Westover Capital Advisors LLC now owns 35,931 shares of the company’s stock valued at $2,612,000 after acquiring an additional 138 shares in the last quarter. Ranch Capital Advisors Inc. increased its position in SPDR Portfolio S&P 500 ETF by 0.7% during the second quarter. Ranch Capital Advisors Inc. now owns 21,013 shares of the company’s stock worth $1,527,000 after acquiring an additional 143 shares during the period. International Assets Investment Management LLC raised its stake in SPDR Portfolio S&P 500 ETF by 3.3% in the 2nd quarter. International Assets Investment Management LLC now owns 4,666 shares of the company’s stock worth $339,000 after purchasing an additional 149 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in SPDR Portfolio S&P 500 ETF by 20.2% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 898 shares of the company’s stock worth $65,000 after purchasing an additional 151 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA:SPLG opened at $81.46 on Friday. The company has a market capitalization of $96.94 billion, a P/E ratio of 25.61 and a beta of 1.00. The business’s 50 day simple moving average is $79.79 and its 200 day simple moving average is $76.75. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.