Richard W. Paul & Associates LLC Reduces Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Richard W. Paul & Associates LLC reduced its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,214 shares of the company’s stock after selling 2,350 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $1,550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Waterloo Capital L.P. lifted its position in SPDR Portfolio S&P 500 ETF by 2.3% in the fourth quarter. Waterloo Capital L.P. now owns 104,106 shares of the company’s stock valued at $5,820,000 after buying an additional 2,339 shares during the last quarter. SWP Financial LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at $289,000. Aspire Private Capital LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 67.3% in the 4th quarter. Aspire Private Capital LLC now owns 57,287 shares of the company’s stock valued at $3,202,000 after purchasing an additional 23,037 shares during the period. Oarsman Capital Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $4,600,000. Finally, Valmark Advisers Inc. grew its position in SPDR Portfolio S&P 500 ETF by 9.7% during the 4th quarter. Valmark Advisers Inc. now owns 104,065 shares of the company’s stock worth $5,817,000 after purchasing an additional 9,214 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 0.8 %

SPLG stock traded down $0.53 during trading on Thursday, hitting $65.42. The company had a trading volume of 5,564,208 shares, compared to its average volume of 7,371,635. SPDR Portfolio S&P 500 ETF has a 1-year low of $48.13 and a 1-year high of $66.47. The firm has a 50-day moving average price of $64.32 and a 200-day moving average price of $61.86. The firm has a market cap of $38.15 billion, a PE ratio of 26.64 and a beta of 1.00.

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.