HBK Sorce Advisory LLC Lowers Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

HBK Sorce Advisory LLC trimmed its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 16.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 74,465 shares of the company’s stock after selling 14,386 shares during the period. HBK Sorce Advisory LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $4,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Advance Capital Management Inc. raised its position in SPDR Portfolio S&P 500 ETF by 121.0% in the 1st quarter. Advance Capital Management Inc. now owns 13,167,766 shares of the company’s stock worth $810,213,000 after buying an additional 7,210,793 shares during the last quarter. Sumitomo Life Insurance Co. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter valued at approximately $308,840,000. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio S&P 500 ETF by 94.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,405,094 shares of the company’s stock valued at $469,845,000 after purchasing an additional 4,080,428 shares during the period. Advocacy Wealth Management Services LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 168.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 5,324,315 shares of the company’s stock worth $327,605,000 after purchasing an additional 3,341,587 shares during the last quarter. Finally, LPL Financial LLC grew its position in SPDR Portfolio S&P 500 ETF by 8.0% in the 2nd quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after purchasing an additional 2,389,144 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA SPLG opened at $65.75 on Friday. The stock has a market capitalization of $38.34 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1-year low of $48.13 and a 1-year high of $66.47. The business’s fifty day moving average price is $64.66 and its 200-day moving average price is $62.57.

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.