Sheets Smith Wealth Management Decreases Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Sheets Smith Wealth Management reduced its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,006 shares of the company’s stock after selling 2,297 shares during the period. SPDR Portfolio S&P 500 ETF makes up about 1.1% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 23rd biggest holding. Sheets Smith Wealth Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $8,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SPLG. Westwind Capital purchased a new position in shares of SPDR Portfolio S&P 500 ETF in the second quarter valued at $26,000. ORG Wealth Partners LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth $33,000. Blue Trust Inc. acquired a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter worth $31,000. Highline Wealth Partners LLC purchased a new position in SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $36,000. Finally, ORG Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the second quarter valued at about $41,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG opened at $70.37 on Friday. SPDR Portfolio S&P 500 ETF has a one year low of $50.97 and a one year high of $70.53. The stock has a 50-day moving average price of $67.20 and a 200 day moving average price of $64.69. The company has a market capitalization of $41.04 billion, a P/E ratio of 26.64 and a beta of 1.00.

About SPDR Portfolio S&P 500 ETF

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.