Sowell Financial Services LLC Sells 60,962 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Sowell Financial Services LLC trimmed its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 44.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,040 shares of the company’s stock after selling 60,962 shares during the period. Sowell Financial Services LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $5,173,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $26,000. Hemington Wealth Management bought a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC bought a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $37,000. Comprehensive Financial Planning Inc. PA bought a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $39,000. Finally, West Branch Capital LLC bought a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $41,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock opened at $67.75 on Friday. The company has a market capitalization of $56.26 billion, a P/E ratio of 26.92 and a beta of 1.01. The company’s 50-day simple moving average is $70.13 and its two-hundred day simple moving average is $68.95. SPDR Portfolio S&P 500 ETF has a one year low of $58.08 and a one year high of $72.14.

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.