Manhattan West Asset Management LLC Reduces Position in SPDR Portfolio S&P 500 ETF $SPLG

Manhattan West Asset Management LLC trimmed its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,134 shares of the company’s stock after selling 11,204 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up 1.4% of Manhattan West Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Manhattan West Asset Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $6,513,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Center for Financial Planning Inc. acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth $37,000. Heritage Wealth Advisors acquired a new stake in SPDR Portfolio S&P 500 ETF in the third quarter valued at $38,000. GAMMA Investing LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth about $40,000. Wealth Watch Advisors INC purchased a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth about $43,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 52.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock worth $45,000 after acquiring an additional 197 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

SPLG opened at $78.52 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 company has a market cap of $93.44 billion, a P/E ratio of 25.61 and a beta of 1.00. The business’s 50-day simple moving average is $80.73 and its 200-day simple moving average is $79.65.

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.