SPDR Portfolio S&P 500 ETF $SPLG Shares Sold by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC reduced its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 7.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 87,993 shares of the company’s stock after selling 6,835 shares during the period. Shepherd Financial Partners LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $6,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in SPLG. Clearstead Trust LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth about $30,000. Center for Financial Planning Inc. bought a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $37,000. GPS Wealth Strategies Group LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF by 194.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares during the period. GAMMA Investing LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $40,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 52.4% during the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock worth $45,000 after buying an additional 197 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock opened at $80.20 on Friday. SPDR Portfolio S&P 500 ETF has a 12-month low of $56.67 and a 12-month high of $81.14. The firm has a market capitalization of $95.44 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. The business has a 50 day simple moving average of $80.93 and a 200 day simple moving average of $78.85.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.