Absolute Capital Management LLC Decreases Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Absolute Capital Management LLC decreased its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 55.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,841 shares of the company’s stock after selling 51,733 shares during the period. SPDR Portfolio S&P 500 ETF accounts for about 2.1% of Absolute Capital Management LLC’s portfolio, making the stock its 13th largest position. Absolute Capital Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $2,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Creative Planning increased its position in SPDR Portfolio S&P 500 ETF by 2.7% during the third quarter. Creative Planning now owns 26,057,485 shares of the company’s stock valued at $1,309,649,000 after acquiring an additional 690,119 shares during the last quarter. LPL Financial LLC increased its position in SPDR Portfolio S&P 500 ETF by 10.9% during the third quarter. LPL Financial LLC now owns 22,823,121 shares of the company’s stock valued at $1,147,090,000 after acquiring an additional 2,235,952 shares during the last quarter. JPMorgan Chase & Co. increased its position in SPDR Portfolio S&P 500 ETF by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 10,044,571 shares of the company’s stock valued at $504,862,000 after acquiring an additional 2,351,596 shares during the last quarter. Advance Capital Management Inc. increased its position in SPDR Portfolio S&P 500 ETF by 200.6% during the fourth quarter. Advance Capital Management Inc. now owns 5,956,973 shares of the company’s stock valued at $332,995,000 after acquiring an additional 3,975,462 shares during the last quarter. Finally, CWM LLC increased its position in SPDR Portfolio S&P 500 ETF by 32.4% during the fourth quarter. CWM LLC now owns 5,921,040 shares of the company’s stock valued at $330,986,000 after acquiring an additional 1,450,389 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Up 0.9 %

SPLG stock opened at $59.79 on Friday. The firm’s fifty day simple moving average is $60.16 and its two-hundred day simple moving average is $56.38. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 25.72 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a twelve month low of $47.48 and a twelve month high of $61.69.

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.