Merit Financial Group LLC lowered its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 634,431 shares of the company’s stock after selling 28,144 shares during the period. SPDR Portfolio S&P 500 ETF comprises about 0.8% of Merit Financial Group LLC’s portfolio, making the stock its 27th largest holding. Merit Financial Group LLC owned 0.11% of SPDR Portfolio S&P 500 ETF worth $43,738,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPLG. ORG Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $33,000. Blue Trust Inc. bought a new stake in SPDR Portfolio S&P 500 ETF during the third quarter worth $31,000. Highline Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the third quarter valued at $36,000. Decker Retirement Planning Inc. bought a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth about $49,000.
SPDR Portfolio S&P 500 ETF Stock Performance
Shares of SPLG stock opened at $70.29 on Friday. SPDR Portfolio S&P 500 ETF has a 52-week low of $55.56 and a 52-week high of $71.64. The stock has a market cap of $40.99 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The firm’s 50-day moving average is $70.08 and its 200-day moving average is $67.41.
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.
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