Sat Sep 21 11:35:07 UTC 2024: ## Institutional Investors Show Strong Interest in SPDR Portfolio S&P 500 ETF (SPLG)
**New York, NY (MarketBeat News) – September 21, 2024** – Several institutional investors have recently increased their holdings in the SPDR Portfolio S&P 500 ETF (SPLG), indicating strong confidence in the fund’s performance. Wealth Alliance, for example, boosted its stake by 8.3% in the second quarter, bringing its total holdings to 3,556 shares valued at $228,000.
Other notable investors include Advance Capital Management Inc., which grew its holdings by 121.0% in the first quarter, now owning 13,167,766 shares valued at $810,213,000. Sumitomo Life Insurance Co. bought a new stake in the second quarter valued at $308,840,000, while Envestnet Asset Management Inc. lifted its stake by 94.4% in the fourth quarter, holding 8,405,094 shares worth $469,845,000.
Advocacy Wealth Management Services LLC increased its position by 168.5% in the first quarter, holding 5,324,315 shares valued at $327,605,000. Finally, LPL Financial LLC increased its holdings by 8.0% in the second quarter, holding 32,127,760 shares worth $2,056,177,000.
SPLG opened at $67.04 on Friday, with a 52-week low of $48.13 and a 52-week high of $67.39. The company’s 50-day moving average is $64.77 and its 200-day moving average is $62.84. The stock has a market capitalization of $39.09 billion, a PE ratio of 26.64, and a beta of 1.00.
SPLG, formerly SPDR Dow Jones Large Cap ETF, aims to track the performance of large-capitalization U.S. equity securities. Investors interested in the fund’s holdings and recent insider trades can visit HoldingsChannel.com.
**Disclaimer:** This article is for informational purposes only and should not be considered investment advice.
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