Sovereign Financial Group Inc. Trims Stock Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Sovereign Financial Group Inc. cut its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 66.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,714 shares of the company’s stock after selling 17,420 shares during the period. Sovereign Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Westwind Capital purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the second quarter worth about $26,000. Evensky & Katz LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 1st quarter worth approximately $27,000. Harbor Investment Advisory LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 76.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 641 shares of the company’s stock valued at $39,000 after purchasing an additional 278 shares during the period. ESL Trust Services LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the first quarter worth $40,000. Finally, ORG Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the second quarter valued at $41,000.

SPDR Portfolio S&P 500 ETF Stock Up 0.9 %

SPLG stock opened at $67.40 on Wednesday. The firm has a market cap of $39.30 billion, a P/E ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52-week low of $48.13 and a 52-week high of $67.58. The company’s 50-day simple moving average is $65.34 and its 200-day simple moving average is $63.43.

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.