Merit Financial Group LLC Trims Holdings in SPDR Portfolio S&P 500 ETF $SPLG

Merit Financial Group LLC reduced its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 453,596 shares of the company’s stock after selling 7,913 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $32,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthShield Partners LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 4.3% during the 1st quarter. WealthShield Partners LLC now owns 28,946 shares of the company’s stock valued at $1,904,000 after buying an additional 1,191 shares during the last quarter. Chemistry Wealth Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 7.5% during the 1st quarter. Chemistry Wealth Management LLC now owns 9,004 shares of the company’s stock valued at $592,000 after buying an additional 628 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at approximately $660,000. Advisors Capital Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 7.3% during the first quarter. Advisors Capital Management LLC now owns 6,848 shares of the company’s stock worth $450,000 after purchasing an additional 468 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 10.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,951,291 shares of the company’s stock worth $128,317,000 after purchasing an additional 187,585 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG opened at $78.73 on Friday. The business’s fifty day moving average price is $76.28 and its 200 day moving average price is $71.10. SPDR Portfolio S&P 500 ETF has a 12-month low of $56.67 and a 12-month high of $79.13. The stock has a market capitalization of $87.22 billion, a PE ratio of 25.61 and a beta of 1.00.

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.