Independent Wealth Network Inc. Has $5.48 Million Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Independent Wealth Network Inc. grew its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,074 shares of the company’s stock after acquiring an additional 10,515 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises 3.3% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 4th largest position. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $5,475,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Financial Enhancement Group LLC lifted its position in SPDR Portfolio S&P 500 ETF by 18.1% in the 1st quarter. Financial Enhancement Group LLC now owns 71,429 shares of the company’s stock worth $3,446,000 after buying an additional 10,943 shares during the last quarter. Sanchez Wealth Management Group increased its stake in SPDR Portfolio S&P 500 ETF by 1.2% in the 1st quarter. Sanchez Wealth Management Group now owns 17,967 shares of the company’s stock worth $865,000 after purchasing an additional 210 shares during the period. American Century Companies Inc. increased its stake in SPDR Portfolio S&P 500 ETF by 39.6% in the 1st quarter. American Century Companies Inc. now owns 190,800 shares of the company’s stock worth $9,187,000 after purchasing an additional 54,100 shares during the period. BIP Wealth LLC purchased a new position in SPDR Portfolio S&P 500 ETF in the 1st quarter worth approximately $1,807,000. Finally, Koshinski Asset Management Inc. increased its stake in SPDR Portfolio S&P 500 ETF by 3.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 23,377 shares of the company’s stock worth $1,126,000 after purchasing an additional 802 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

SPDR Portfolio S&P 500 ETF stock traded down $0.34 during trading hours on Tuesday, reaching $51.82. The company had a trading volume of 867,421 shares, compared to its average volume of 3,368,960. The company has a 50-day moving average price of $52.64 and a 200 day moving average price of $50.22. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 16.41 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12-month low of $40.92 and a 12-month high of $54.02.

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.