Corrado Advisors LLC Reduces Stock Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Corrado Advisors LLC trimmed its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 13,641 shares of the company’s stock after selling 460 shares during the quarter. Corrado Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of SPDR Portfolio S&P 500 ETF by 4.9% in the 4th quarter. Allworth Financial LP now owns 5,106 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares during the period. Helen Stephens Group LLC lifted its position in SPDR Portfolio S&P 500 ETF by 0.7% during the 4th quarter. Helen Stephens Group LLC now owns 36,498 shares of the company’s stock valued at $2,040,000 after acquiring an additional 242 shares during the period. E&G Advisors LP lifted its position in SPDR Portfolio S&P 500 ETF by 0.4% during the 4th quarter. E&G Advisors LP now owns 67,349 shares of the company’s stock valued at $3,765,000 after acquiring an additional 264 shares during the period. JDM Financial Group LLC lifted its position in SPDR Portfolio S&P 500 ETF by 0.4% during the 3rd quarter. JDM Financial Group LLC now owns 75,290 shares of the company’s stock valued at $3,784,000 after acquiring an additional 275 shares during the period. Finally, Mach 1 Financial Group LLC lifted its position in SPDR Portfolio S&P 500 ETF by 4.6% during the 3rd quarter. Mach 1 Financial Group LLC now owns 6,315 shares of the company’s stock valued at $317,000 after acquiring an additional 278 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA SPLG traded up $0.70 during trading hours on Tuesday, reaching $59.48. 8,326,819 shares of the company’s stock traded hands, compared to its average volume of 8,902,723. SPDR Portfolio S&P 500 ETF has a 52-week low of $47.48 and a 52-week high of $61.69. The firm has a market cap of $32.88 billion, a PE ratio of 25.72 and a beta of 1.00. The firm has a 50-day simple moving average of $60.09 and a 200 day simple moving average of $56.17.

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.