Arete Wealth Advisors LLC Cuts Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Arete Wealth Advisors LLC lowered its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 68.0% during the 3rd quarter, Holdings Channel reports. The firm owned 50,524 shares of the company’s stock after selling 107,403 shares during the quarter. Arete Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $3,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPLG. ORG Wealth Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $33,000. Blue Trust Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at approximately $36,000. ORG Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF in the second quarter valued at $41,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF in the second quarter valued at $49,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.3 %

SPDR Portfolio S&P 500 ETF stock opened at $70.91 on Wednesday. SPDR Portfolio S&P 500 ETF has a 52-week low of $54.03 and a 52-week high of $71.64. The company has a market cap of $41.35 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The firm’s fifty day moving average is $69.11 and its 200 day moving average is $66.19.

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.