Envestnet Portfolio Solutions Inc. Sells 49,853 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Envestnet Portfolio Solutions Inc. reduced its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 12.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 350,894 shares of the company’s stock after selling 49,853 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $24,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cutler Investment Counsel LLC bought a new stake in SPDR Portfolio S&P 500 ETF during the third quarter worth $3,207,000. River Street Advisors LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 10.1% during the 3rd quarter. River Street Advisors LLC now owns 74,284 shares of the company’s stock worth $5,015,000 after buying an additional 6,792 shares in the last quarter. Accredited Investors Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter worth $467,000. Peterson Financial Group Inc. acquired a new stake in SPDR Portfolio S&P 500 ETF in the third quarter valued at about $105,000. Finally, Concord Asset Management LLC VA grew its position in SPDR Portfolio S&P 500 ETF by 6.0% in the third quarter. Concord Asset Management LLC VA now owns 13,770 shares of the company’s stock valued at $930,000 after acquiring an additional 777 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Trading Up 2.0 %

SPLG stock opened at $66.20 on Friday. The firm has a 50-day moving average price of $69.79 and a 200-day moving average price of $68.94. SPDR Portfolio S&P 500 ETF has a 12 month low of $58.08 and a 12 month high of $72.14. The stock has a market capitalization of $55.55 billion, a P/E ratio of 24.69 and a beta of 1.01.

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.