F M Investments LLC Trims Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

F M Investments LLC cut its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 58.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,631 shares of the company’s stock after selling 5,170 shares during the quarter. F M Investments LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SPLG. Advance Capital Management Inc. increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 200.6% during the 4th quarter. Advance Capital Management Inc. now owns 5,956,973 shares of the company’s stock valued at $332,995,000 after purchasing an additional 3,975,462 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,044,571 shares of the company’s stock valued at $504,862,000 after purchasing an additional 2,351,596 shares in the last quarter. 1900 Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 1,777.1% during the 4th quarter. 1900 Wealth Management LLC now owns 2,432,652 shares of the company’s stock valued at $135,985,000 after purchasing an additional 2,303,056 shares in the last quarter. LPL Financial LLC increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 10.9% during the 3rd quarter. LPL Financial LLC now owns 22,823,121 shares of the company’s stock valued at $1,147,090,000 after purchasing an additional 2,235,952 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $110,834,000.

SPDR Portfolio S&P 500 ETF Stock Up 1.2 %

Shares of NYSEARCA:SPLG traded up $0.70 during trading on Tuesday, hitting $59.48. 8,326,819 shares of the stock traded hands, compared to its average volume of 8,902,723. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 25.72 and a beta of 1.00. The company has a fifty day moving average price of $60.12 and a two-hundred day moving average price of $56.23. SPDR Portfolio S&P 500 ETF has a 52-week low of $47.48 and a 52-week 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.