Towercrest Capital Management Sells 5,748 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Towercrest Capital Management trimmed its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.1% in the 2nd quarter, Holdings Channel reports. The fund owned 180,052 shares of the company’s stock after selling 5,748 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises 1.9% of Towercrest Capital Management’s portfolio, making the stock its 18th biggest holding. Towercrest Capital Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $11,523,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Westwind Capital bought a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at $26,000. Evensky & Katz LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the first quarter valued at about $27,000. Harbor Investment Advisory LLC grew its position in SPDR Portfolio S&P 500 ETF by 76.6% during the first quarter. Harbor Investment Advisory LLC now owns 641 shares of the company’s stock worth $39,000 after buying an additional 278 shares in the last quarter. ESL Trust Services LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the first quarter worth about $40,000. Finally, ORG Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF during the second quarter valued at about $41,000.

SPDR Portfolio S&P 500 ETF Stock Down 1.7 %

SPDR Portfolio S&P 500 ETF stock traded down $1.09 during trading hours on Friday, hitting $63.55. The stock had a trading volume of 10,756,697 shares, compared to its average volume of 7,302,814. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $48.13 and a fifty-two week high of $66.47. The company has a market cap of $37.06 billion, a PE ratio of 26.64 and a beta of 1.00. The company has a 50-day moving average of $64.63 and a two-hundred day moving average of $62.43.

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.