Asset Allocation Strategies LLC Sells 2,637 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Asset Allocation Strategies LLC lowered its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 41.3% in the 3rd quarter, Holdings Channel reports. The firm owned 3,744 shares of the company’s stock after selling 2,637 shares during the quarter. Asset Allocation Strategies LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brown Financial Advisors grew its position in SPDR Portfolio S&P 500 ETF by 5.2% during the third quarter. Brown Financial Advisors now owns 212,186 shares of the company’s stock worth $14,325,000 after buying an additional 10,471 shares in the last quarter. RB Capital Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at about $200,000. MidWestOne Financial Group Inc. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 476.1% during the third quarter. MidWestOne Financial Group Inc. now owns 313,349 shares of the company’s stock worth $21,154,000 after purchasing an additional 258,956 shares in the last quarter. Frisch Financial Group Inc. increased its position in shares of SPDR Portfolio S&P 500 ETF by 48.7% in the third quarter. Frisch Financial Group Inc. now owns 5,292 shares of the company’s stock worth $357,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Brophy Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $1,546,000.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG stock opened at $70.91 on Wednesday. The firm has a 50 day simple moving average of $69.11 and a two-hundred day simple moving average of $66.19. The stock has a market cap of $41.35 billion, a PE ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a one year low of $54.03 and a one year high of $71.64.

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.