Sovereign Financial Group Inc. Reduces Stock Holdings in SPDR Portfolio S&P 500 ETF $SPLG

Sovereign Financial Group Inc. cut its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,279 shares of the company’s stock after selling 157 shares during the period. Sovereign Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $602,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SPLG. USS Investment Management Ltd purchased a new stake in SPDR Portfolio S&P 500 ETF during the first quarter worth $1,394,006,000. Jones Financial Companies Lllp boosted its holdings in SPDR Portfolio S&P 500 ETF by 99.4% during the first quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock worth $2,031,308,000 after buying an additional 15,489,573 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in SPDR Portfolio S&P 500 ETF by 38.6% during the first quarter. Allianz Asset Management GmbH now owns 12,846,198 shares of the company’s stock worth $844,766,000 after buying an additional 3,577,176 shares in the last quarter. LPL Financial LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 6.7% during the first quarter. LPL Financial LLC now owns 41,960,691 shares of the company’s stock worth $2,759,335,000 after buying an additional 2,643,842 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the first quarter worth $167,317,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPLG opened at $76.84 on Friday. The company’s fifty day moving average price is $76.70 and its 200 day moving average price is $71.50. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $79.28. The company has a market capitalization of $86.46 billion, a PE ratio of 25.61 and a beta of 1.00.

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.