Manhattan West Asset Management LLC Raises Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Manhattan West Asset Management LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 32.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,476 shares of the company’s stock after purchasing an additional 27,638 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for about 2.1% of Manhattan West Asset Management LLC’s holdings, making the stock its 13th biggest holding. Manhattan West Asset Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $7,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its position in SPDR Portfolio S&P 500 ETF by 6.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 113,022 shares of the company’s stock worth $7,792,000 after purchasing an additional 7,184 shares during the period. NFP Retirement Inc. boosted its position in SPDR Portfolio S&P 500 ETF by 1.6% during the 4th quarter. NFP Retirement Inc. now owns 469,636 shares of the company’s stock valued at $32,377,000 after acquiring an additional 7,443 shares in the last quarter. Hobbs Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter worth $19,478,000. Jaffetilchin Investment Partners LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF by 17.3% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 14,261 shares of the company’s stock worth $983,000 after acquiring an additional 2,106 shares in the last quarter. Finally, Scotia Capital Inc. bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $207,000.

SPDR Portfolio S&P 500 ETF Trading Up 1.8 %

Shares of NYSEARCA:SPLG opened at $62.80 on Friday. The stock has a market capitalization of $56.68 billion, a price-to-earnings ratio of 24.63 and a beta of 1.01. The stock has a fifty day simple moving average of $67.24 and a two-hundred day simple moving average of $68.70. SPDR Portfolio S&P 500 ETF has a 12-month low of $56.67 and a 12-month high of $72.14.

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.