Truist Financial Corp Buys 43,436 Shares of SPDR Portfolio S&P 500 ETF $SPLG

Truist Financial Corp increased its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 20.4% during the third quarter, Holdings Channel.com reports. The firm owned 256,725 shares of the company’s stock after buying an additional 43,436 shares during the period. Truist Financial Corp’s holdings in SPDR Portfolio S&P 500 ETF were worth $20,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPLG. Bank of America Corp DE increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 88.5% in the second quarter. Bank of America Corp DE now owns 59,401,970 shares of the company’s stock valued at $4,317,929,000 after purchasing an additional 27,889,948 shares during the period. Kedalion Capital Management LLP acquired a new stake in SPDR Portfolio S&P 500 ETF during the second quarter valued at $509,875,000. Vantagepoint Investment Advisers LLC purchased a new position in SPDR Portfolio S&P 500 ETF during the third quarter worth approximately $320,541,000. Miracle Mile Advisors LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 46,364.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,796,205 shares of the company’s stock valued at $219,055,000 after buying an additional 2,790,187 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth about $157,512,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.2%

Shares of NYSEARCA SPLG opened at $81.65 on Friday. The stock has a market capitalization of $97.17 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52 week low of $56.67 and a 52 week high of $81.14. The firm has a 50-day simple moving average of $80.66 and a 200-day simple moving average of $78.34.

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