Summit Global Investments Cuts Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Summit Global Investments lowered its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 75.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,341 shares of the company’s stock after selling 225,378 shares during the period. Summit Global Investments’ holdings in SPDR Portfolio S&P 500 ETF were worth $4,044,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Westover Capital Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 2.2% in the fourth quarter. Westover Capital Advisors LLC now owns 35,509 shares of the company’s stock worth $1,985,000 after acquiring an additional 752 shares during the period. Eldridge Investment Advisors Inc. lifted its holdings in SPDR Portfolio S&P 500 ETF by 13.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 256,955 shares of the company’s stock worth $14,364,000 after purchasing an additional 30,760 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 33.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 724,482 shares of the company’s stock worth $40,499,000 after purchasing an additional 181,509 shares during the period. Heritage Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $2,096,000. Finally, Tower View Wealth Management LLC grew its holdings in 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 buying an additional 496 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA:SPLG traded up $0.48 during trading hours on Thursday, hitting $59.32. The stock had a trading volume of 5,393,077 shares, compared to its average volume of 8,701,545. The firm has a market capitalization of $33.46 billion, a price-to-earnings ratio of 25.60 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a one year low of $47.48 and a one year high of $61.69. The company has a 50 day simple moving average of $60.21 and a two-hundred day simple moving average of $56.55.

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.