SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC reduced its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 619,024 shares of the company’s stock after selling 16,471 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises approximately 1.1% of Merit Financial Group LLC’s portfolio, making the stock its 19th biggest position. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $34,603,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth $31,000. Chilton Capital Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth about $31,000. Tsfg LLC increased its position in SPDR Portfolio S&P 500 ETF by 255.5% in the 4th quarter. Tsfg LLC now owns 551 shares of the company’s stock valued at $31,000 after acquiring an additional 396 shares during the period. Tower View Wealth Management LLC raised its stake in SPDR Portfolio S&P 500 ETF by 416.8% during the 4th quarter. Tower View Wealth Management LLC now owns 615 shares of the company’s stock valued at $34,000 after acquiring an additional 496 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $35,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock traded up $0.73 during midday trading on Friday, hitting $60.14. The company had a trading volume of 8,827,576 shares, compared to its average volume of 8,710,455. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 25.60 and a beta of 1.00. The company’s 50 day simple moving average is $60.21 and its 200 day simple moving average is $56.63. 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 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.