Merit Financial Group LLC Trims Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Merit Financial Group LLC lowered its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 619,024 shares of the company’s stock after selling 16,471 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for about 1.1% of Merit Financial Group LLC’s investment portfolio, making the stock its 19th largest position. Merit Financial Group LLC owned approximately 0.17% of SPDR Portfolio S&P 500 ETF worth $34,603,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPLG. SOL Capital Management CO lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 21.3% during the 4th quarter. SOL Capital Management CO now owns 183,230 shares of the company’s stock valued at $10,243,000 after buying an additional 32,235 shares in the last quarter. Aspire Private Capital LLC raised its holdings in SPDR Portfolio S&P 500 ETF by 67.3% during the fourth quarter. Aspire Private Capital LLC now owns 57,287 shares of the company’s stock valued at $3,202,000 after acquiring an additional 23,037 shares during the period. Raymond James & Associates lifted its position in shares of SPDR Portfolio S&P 500 ETF by 30.8% in the fourth quarter. Raymond James & Associates now owns 1,138,737 shares of the company’s stock valued at $63,655,000 after acquiring an additional 268,157 shares in the last quarter. Goodman Financial Corp boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 1.5% in the third quarter. Goodman Financial Corp now owns 73,232 shares of the company’s stock worth $3,681,000 after acquiring an additional 1,060 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 48.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,120 shares of the company’s stock worth $1,413,000 after acquiring an additional 9,124 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA:SPLG traded up $0.73 during trading on Friday, hitting $60.14. 8,827,576 shares of the company’s stock were exchanged, compared to its average volume of 8,710,455. The business’s 50-day simple moving average is $60.21 and its 200 day simple moving average is $56.63. SPDR Portfolio S&P 500 ETF has a 52-week low of $47.48 and a 52-week high of $61.69. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 25.60 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.