Towercrest Capital Management Sells 4,397 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Towercrest Capital Management trimmed its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 175,392 shares of the company’s stock after selling 4,397 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises approximately 1.9% of Towercrest Capital Management’s investment portfolio, making the stock its 18th biggest holding. Towercrest Capital Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $12,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPLG. Jones Financial Companies Lllp boosted its holdings in SPDR Portfolio S&P 500 ETF by 14,332.4% during the fourth quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after acquiring an additional 15,476,455 shares during the period. Raymond James Financial Inc. bought a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $269,842,000. LPL Financial LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 10.4% during the fourth quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock valued at $2,710,503,000 after acquiring an additional 3,697,646 shares during the period. Independent Advisor Alliance boosted its holdings in SPDR Portfolio S&P 500 ETF by 2,019.1% during the fourth quarter. Independent Advisor Alliance now owns 3,066,946 shares of the company’s stock valued at $211,435,000 after acquiring an additional 2,922,219 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in SPDR Portfolio S&P 500 ETF by 200.4% during the fourth quarter. Natixis Advisors LLC now owns 3,179,840 shares of the company’s stock valued at $219,218,000 after acquiring an additional 2,121,179 shares during the period.

SPDR Portfolio S&P 500 ETF Price Performance

SPLG stock opened at $66.57 on Monday. The company has a 50-day moving average of $69.51 and a two-hundred day moving average of $68.99. The stock has a market capitalization of $55.86 billion, a price-to-earnings ratio of 24.69 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a 52-week low of $58.09 and a 52-week high of $72.14.

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.