SPDR Portfolio S&P 500 ETF $SPLG Position Decreased by Strategic Financial Partners Ltd.

Strategic Financial Partners Ltd. trimmed its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.1% during the third quarter, HoldingsChannel reports. The fund owned 580,911 shares of the company’s stock after selling 12,274 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises 20.8% of Strategic Financial Partners Ltd.’s holdings, making the stock its biggest position. Strategic Financial Partners Ltd.’s holdings in SPDR Portfolio S&P 500 ETF were worth $45,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPLG. Sanchez Wealth Management Group increased its position in SPDR Portfolio S&P 500 ETF by 53.5% during the 3rd quarter. Sanchez Wealth Management Group now owns 58,074 shares of the company’s stock worth $4,550,000 after purchasing an additional 20,234 shares during the period. Madison Asset Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 52.9% in the third quarter. Madison Asset Management LLC now owns 97,674 shares of the company’s stock valued at $7,652,000 after buying an additional 33,774 shares in the last quarter. Center for Financial Planning Inc. acquired a new position in SPDR Portfolio S&P 500 ETF during the third quarter worth $37,000. Stratos Wealth Partners LTD. raised its position in SPDR Portfolio S&P 500 ETF by 2.6% in the third quarter. Stratos Wealth Partners LTD. now owns 975,108 shares of the company’s stock worth $76,390,000 after acquiring an additional 24,934 shares in the last quarter. Finally, BlueChip Wealth Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the third quarter valued at $435,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPLG opened at $81.65 on Wednesday. SPDR Portfolio S&P 500 ETF has a one year low of $56.67 and a one year high of $81.14. The firm has a market capitalization of $97.17 billion, a P/E ratio of 25.61 and a beta of 1.00. The company’s fifty day moving average is $80.89 and its two-hundred day moving average is $78.75.

SPDR Portfolio S&P 500 ETF Company 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.