N.E.W. Advisory Services LLC Sells 22,878 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

N.E.W. Advisory Services LLC lowered its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,453,556 shares of the company’s stock after selling 22,878 shares during the period. SPDR Portfolio S&P 500 ETF comprises approximately 9.8% of N.E.W. Advisory Services LLC’s holdings, making the stock its 2nd largest position. N.E.W. Advisory Services LLC owned about 0.39% of SPDR Portfolio S&P 500 ETF worth $81,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advance Capital Management Inc. boosted its holdings in SPDR Portfolio S&P 500 ETF by 200.6% during the fourth quarter. Advance Capital Management Inc. now owns 5,956,973 shares of the company’s stock worth $332,995,000 after buying an additional 3,975,462 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio S&P 500 ETF by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 10,044,571 shares of the company’s stock worth $504,862,000 after buying an additional 2,351,596 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 1,777.1% during the fourth quarter. 1900 Wealth Management LLC now owns 2,432,652 shares of the company’s stock worth $135,985,000 after buying an additional 2,303,056 shares in the last quarter. LPL Financial LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 10.9% during the third quarter. LPL Financial LLC now owns 22,823,121 shares of the company’s stock worth $1,147,090,000 after buying an additional 2,235,952 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter worth about $110,834,000.

SPDR Portfolio S&P 500 ETF Stock Performance

SPLG stock traded up $0.63 during trading on Monday, reaching $60.76. 5,630,370 shares of the company were exchanged, compared to its average volume of 8,675,204. The company has a market cap of $34.27 billion, a P/E ratio of 25.60 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52-week low of $48.07 and a 52-week high of $61.69. The stock’s 50 day moving average price is $60.23 and its 200 day moving average price is $56.79.

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.