LGT Financial Advisors LLC Has $907,000 Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

LGT Financial Advisors LLC trimmed its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,178 shares of the company’s stock after selling 1,105 shares during the period. SPDR Portfolio S&P 500 ETF comprises about 1.9% of LGT Financial Advisors LLC’s holdings, making the stock its 9th largest position. LGT Financial Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $907,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Advance Capital Management Inc. lifted its position in shares of SPDR Portfolio S&P 500 ETF by 121.0% during the 1st quarter. Advance Capital Management Inc. now owns 13,167,766 shares of the company’s stock worth $810,213,000 after buying an additional 7,210,793 shares in the last quarter. Sumitomo Life Insurance Co. bought a new stake in SPDR Portfolio S&P 500 ETF during the second quarter worth $308,840,000. Envestnet Asset Management Inc. boosted its position in SPDR Portfolio S&P 500 ETF by 94.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,405,094 shares of the company’s stock worth $469,845,000 after purchasing an additional 4,080,428 shares during the last quarter. Advocacy Wealth Management Services LLC grew its stake in SPDR Portfolio S&P 500 ETF by 168.5% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 5,324,315 shares of the company’s stock valued at $327,605,000 after purchasing an additional 3,341,587 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of SPDR Portfolio S&P 500 ETF by 350.8% during the 1st quarter. Cetera Investment Advisers now owns 2,223,389 shares of the company’s stock valued at $136,805,000 after purchasing an additional 1,730,168 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA SPLG opened at $64.64 on Friday. The business’s fifty day moving average is $64.64 and its 200-day moving average is $62.37. The stock has a market capitalization of $37.69 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a one year low of $48.13 and a one year high of $66.47.

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.