SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management decreased its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 133,006 shares of the company’s stock after selling 2,297 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for about 1.1% of Sheets Smith Wealth Management’s holdings, making the stock its 23rd biggest holding. Sheets Smith Wealth Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $8,979,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Sumitomo Life Insurance Co. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at about $308,840,000. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in SPDR Portfolio S&P 500 ETF by 154.4% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock valued at $510,038,000 after acquiring an additional 4,585,000 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 8.0% during the second quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock valued at $2,056,177,000 after purchasing an additional 2,389,144 shares during the last quarter. Cetera Investment Advisers raised its position in shares of SPDR Portfolio S&P 500 ETF by 350.8% during the 1st quarter. Cetera Investment Advisers now owns 2,223,389 shares of the company’s stock worth $136,805,000 after purchasing an additional 1,730,168 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth approximately $82,572,000.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA:SPLG opened at $70.37 on Friday. The firm has a market capitalization of $41.04 billion, a P/E ratio of 26.64 and a beta of 1.00. The business has a 50 day simple moving average of $67.20 and a 200 day simple moving average of $64.69. SPDR Portfolio S&P 500 ETF has a 12-month low of $50.97 and a 12-month high of $70.53.

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.