W.H. Cornerstone Investments Inc. Trims Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

W.H. Cornerstone Investments Inc. lessened its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 27.1% in the 4th quarter, Holdings Channel reports. The firm owned 122,088 shares of the company’s stock after selling 45,359 shares during the period. SPDR Portfolio S&P 500 ETF makes up 5.4% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 2nd largest holding. W.H. Cornerstone Investments Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $6,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at about $31,000. Chilton Capital Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the 4th quarter valued at approximately $31,000. Tsfg LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 255.5% in the 4th quarter. Tsfg LLC now owns 551 shares of the company’s stock worth $31,000 after purchasing an additional 396 shares during the period. Tower View Wealth Management LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 416.8% during the 4th quarter. Tower View Wealth Management LLC now owns 615 shares of the company’s stock valued at $34,000 after purchasing an additional 496 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at $35,000.

SPDR Portfolio S&P 500 ETF Stock Performance

NYSEARCA SPLG traded up $0.72 on Friday, hitting $60.13. 8,827,823 shares of the stock were exchanged, compared to its average volume of 8,710,455. SPDR Portfolio S&P 500 ETF has a 52-week low of $47.48 and a 52-week high of $61.69. The firm has a market capitalization of $33.92 billion, a P/E ratio of 25.60 and a beta of 1.00. The stock has a fifty day moving average price of $60.21 and a two-hundred day moving average price of $56.71.

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.