Magnus Financial Group LLC Sells 1,590 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Magnus Financial Group LLC cut its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,021 shares of the company’s stock after selling 1,590 shares during the quarter. Magnus Financial Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $1,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC raised its position in SPDR Portfolio S&P 500 ETF by 138.8% during the 4th quarter. Scarborough Advisors LLC now owns 138,589 shares of the company’s stock valued at $7,747,000 after purchasing an additional 80,561 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 97.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,542,711 shares of the company’s stock worth $86,238,000 after acquiring an additional 759,583 shares during the period. Creekmur Asset Management LLC purchased a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter worth about $42,000. Advance Capital Management Inc. lifted its stake in SPDR Portfolio S&P 500 ETF by 121.0% in the first quarter. Advance Capital Management Inc. now owns 13,167,766 shares of the company’s stock worth $810,213,000 after acquiring an additional 7,210,793 shares during the period. Finally, NBC Securities Inc. increased its position in SPDR Portfolio S&P 500 ETF by 7.6% during the 1st quarter. NBC Securities Inc. now owns 14,600 shares of the company’s stock valued at $898,000 after purchasing an additional 1,025 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Down 0.8 %

Shares of SPLG traded down $0.53 during mid-day trading on Tuesday, hitting $68.19. The company’s stock had a trading volume of 8,009,058 shares, compared to its average volume of 7,236,156. The company’s 50-day moving average is $65.75 and its 200-day moving average is $63.62. SPDR Portfolio S&P 500 ETF has a 52-week low of $48.13 and a 52-week high of $68.83. The firm has a market capitalization of $39.76 billion, a price-to-earnings ratio of 26.64 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.