Tennessee Valley Asset Management Partners Cuts Stock Holdings in SPDR Portfolio S&P 500 ETF $SPLG

Tennessee Valley Asset Management Partners lessened its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 5.3% in the third quarter, HoldingsChannel reports. The fund owned 1,862,729 shares of the company’s stock after selling 103,679 shares during the period. SPDR Portfolio S&P 500 ETF makes up about 19.8% of Tennessee Valley Asset Management Partners’ portfolio, making the stock its largest holding. Tennessee Valley Asset Management Partners’ holdings in SPDR Portfolio S&P 500 ETF were worth $145,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SPLG. A4 Wealth Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the third quarter worth about $4,130,000. Etesian Wealth Advisors Inc. increased its stake in SPDR Portfolio S&P 500 ETF by 37.6% during the 3rd quarter. Etesian Wealth Advisors Inc. now owns 63,745 shares of the company’s stock valued at $4,994,000 after buying an additional 17,404 shares during the period. American Financial Advisors LLC raised its position in shares of SPDR Portfolio S&P 500 ETF by 236.7% during the 3rd quarter. American Financial Advisors LLC now owns 35,502 shares of the company’s stock worth $2,781,000 after buying an additional 24,957 shares in the last quarter. First Command Advisory Services Inc. raised its position in shares of SPDR Portfolio S&P 500 ETF by 54.3% during the 3rd quarter. First Command Advisory Services Inc. now owns 2,678,563 shares of the company’s stock worth $209,841,000 after buying an additional 942,586 shares in the last quarter. Finally, Mattson Financial Services LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 27.7% in the 3rd quarter. Mattson Financial Services LLC now owns 182,977 shares of the company’s stock worth $14,334,000 after acquiring an additional 39,708 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

SPDR Portfolio S&P 500 ETF stock opened at $79.67 on Thursday. SPDR Portfolio S&P 500 ETF has a 12-month low of $56.67 and a 12-month high of $81.14. The stock has a market capitalization of $94.81 billion, a PE ratio of 25.61 and a beta of 1.00. The firm has a 50 day simple moving average of $80.88 and a 200-day simple moving average of $79.55.

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.