Schrum Private Wealth Management LLC Has $2.57 Million Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Schrum Private Wealth Management LLC trimmed its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 44.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,217 shares of the company’s stock after selling 29,415 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up 2.2% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Schrum Private Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $2,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter worth $26,000. Hemington Wealth Management bought a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $37,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $39,000. Finally, West Branch Capital LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter worth about $41,000.

SPDR Portfolio S&P 500 ETF Stock Up 1.1 %

Shares of NYSEARCA SPLG opened at $68.60 on Thursday. The firm’s 50-day moving average price is $70.25 and its two-hundred day moving average price is $68.92. SPDR Portfolio S&P 500 ETF has a 52-week low of $58.08 and a 52-week high of $72.14. The stock has a market capitalization of $56.97 billion, a P/E ratio of 26.92 and a beta of 1.01.

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.