Vicus Capital has significantly expanded its stake in the SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG), increasing its holdings by an impressive 2,849% during the third quarter of 2023. The firm acquired an additional 1,370,445 shares, bringing its total ownership to 1,418,548 shares. This investment represents 8.4% of Vicus Capital’s entire portfolio, making the SPDR ETF its largest holding, valued at approximately $111,129,000 as of the end of the quarter.
Other investment firms have also adjusted their positions in the SPDR Portfolio S&P 500 ETF during this period. For instance, Bank of America Corp DE raised its stake by 88.5% in the second quarter, amassing 59,401,970 shares worth around $4.32 billion after acquiring an additional 27,889,948 shares. Additionally, Creative Planning increased its holdings by 1.0%, reaching 31,140,324 shares valued at approximately $2.26 billion.
Similarly, Jones Financial Companies Lllp made a notable move by increasing its position by 99.4% in the first quarter, bringing its total to 31,074,010 shares worth about $2.03 billion. Envestnet Asset Management Inc. also enhanced its stake by 11.4%, owning 15,884,712 shares valued at around $1.15 billion after purchasing an additional 1,624,308 shares during the second quarter.
In a similar trend, Kedalion Capital Management LLP expanded its position by 83.7% in the third quarter, resulting in ownership of 12,884,000 shares valued at approximately $1.01 billion after acquiring an additional 5,869,620 shares.
Performance Metrics of SPDR Portfolio S&P 500 ETF
As of the latest trading session, the SPDR Portfolio S&P 500 ETF opened at $81.66. Over the past year, the stock has experienced a low of $56.67 and a high of $81.14. The ETF boasts a market capitalization of $97.18 billion and a price-to-earnings ratio of 25.61, indicating its performance relative to earnings. The stock’s beta stands at 1.00, suggesting it moves in line with the overall market.
Furthermore, the ETF has a 50-day simple moving average of $80.00 and a 200-day simple moving average of $77.54, providing insights into its recent price trends.
About the SPDR Portfolio S&P 500 ETF
The SPDR Portfolio S&P 500 ETF aims to deliver investment results that, before fees and expenses, mirror the total return performance of the S&P 500 index. This index tracks the performance of large-capitalization equities listed on U.S. exchanges. The fund invests across various sectors, including information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities, and telecommunication services.
For those interested in tracking hedge fund activities related to the SPDR Portfolio S&P 500 ETF, additional information on recent filings and insider trades can be found at HoldingsChannel.com. Subscribers can also receive daily summaries of news and analysts’ ratings related to the ETF and similar investment vehicles.
