SPDR Portfolio S&P 500 ETF $SPLG Shares Sold by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC reduced its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.1% during the 3rd quarter, Holdings Channel reports. The fund owned 298,120 shares of the company’s stock after selling 9,673 shares during the period. SPDR Portfolio S&P 500 ETF makes up about 4.1% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 7th largest holding. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $23,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPLG. Clearstead Trust LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 2nd quarter worth about $30,000. GPS Wealth Strategies Group LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 194.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 489 shares of the company’s stock worth $36,000 after buying an additional 323 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the third quarter worth about $40,000. Elevation Wealth Partners LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 52.4% during the third quarter. Elevation Wealth Partners LLC now owns 573 shares of the company’s stock worth $45,000 after acquiring an additional 197 shares during the period. Finally, Crewe Advisors LLC raised its position in SPDR Portfolio S&P 500 ETF by 246.4% during the second quarter. Crewe Advisors LLC now owns 634 shares of the company’s stock valued at $46,000 after acquiring an additional 451 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Trading Down 0.3%

Shares of NYSEARCA:SPLG opened at $81.40 on Tuesday. SPDR Portfolio S&P 500 ETF has a 12-month low of $56.67 and a 12-month high of $81.14. The business has a 50 day moving average of $80.73 and a two-hundred day moving average of $78.47. The company has a market capitalization of $96.87 billion, a PE ratio of 25.61 and a beta of 1.00.

About SPDR Portfolio S&P 500 ETF

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.