New Perspectives Inc Sells 801 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

New Perspectives Inc lowered its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 883,496 shares of the company’s stock after selling 801 shares during the period. SPDR Portfolio S&P 500 ETF comprises about 31.8% of New Perspectives Inc’s investment portfolio, making the stock its biggest holding. New Perspectives Inc owned 0.15% of SPDR Portfolio S&P 500 ETF worth $59,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SPLG. LPL Financial LLC raised its position in SPDR Portfolio S&P 500 ETF by 8.0% in the second 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 in the last quarter. Creative Planning grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.2% in the 3rd quarter. Creative Planning now owns 29,491,836 shares of the company’s stock worth $1,990,994,000 after purchasing an additional 915,823 shares during the last quarter. Advance Capital Management Inc. increased its position in shares of SPDR Portfolio S&P 500 ETF by 3.1% during the 2nd quarter. Advance Capital Management Inc. now owns 13,569,767 shares of the company’s stock worth $868,465,000 after purchasing an additional 402,001 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SPDR Portfolio S&P 500 ETF by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,281,461 shares of the company’s stock valued at $658,014,000 after purchasing an additional 1,232,825 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in SPDR Portfolio S&P 500 ETF by 50.1% in the third quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock worth $515,952,000 after purchasing an additional 2,550,000 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG stock opened at $68.75 on Friday. The stock’s fifty day moving average is $66.28 and its 200-day moving average is $63.81. SPDR Portfolio S&P 500 ETF has a 52 week low of $48.13 and a 52 week high of $68.93. The stock has a market capitalization of $40.09 billion, a PE ratio of 26.64 and a beta of 1.00.

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.