Davidson Capital Management Inc. Reduces Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Davidson Capital Management Inc. cut its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 723,466 shares of the company’s stock after selling 49,047 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for 14.3% of Davidson Capital Management Inc.’s portfolio, making the stock its 3rd largest holding. Davidson Capital Management Inc. owned 0.12% of SPDR Portfolio S&P 500 ETF worth $46,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Hofer & Associates. Inc lifted its stake in SPDR Portfolio S&P 500 ETF by 1.2% in the 2nd quarter. Hofer & Associates. Inc now owns 13,457 shares of the company’s stock worth $861,000 after acquiring an additional 166 shares in the last quarter. Narus Financial Partners LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 0.7% during the 2nd quarter. Narus Financial Partners LLC now owns 24,955 shares of the company’s stock worth $1,597,000 after purchasing an additional 167 shares in the last quarter. Crew Capital Management Ltd. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.2% during the 2nd quarter. Crew Capital Management Ltd. now owns 14,160 shares of the company’s stock valued at $906,000 after buying an additional 172 shares during the last quarter. Defined Wealth Management LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 3.4% in the 2nd quarter. Defined Wealth Management LLC now owns 5,498 shares of the company’s stock valued at $352,000 after buying an additional 179 shares in the last quarter. Finally, Northwest Capital Management Inc increased its holdings in SPDR Portfolio S&P 500 ETF by 0.8% in the first quarter. Northwest Capital Management Inc now owns 22,580 shares of the company’s stock worth $1,389,000 after buying an additional 180 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 1.7 %

NYSEARCA SPLG opened at $67.17 on Friday. The company has a 50 day moving average price of $64.74 and a two-hundred day moving average price of $62.80. SPDR Portfolio S&P 500 ETF has a 12-month low of $48.13 and a 12-month high of $67.39. The stock has a market capitalization of $39.17 billion, a PE ratio of 26.64 and a beta of 1.00.

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.