Penobscot Wealth Management Decreases Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Penobscot Wealth Management reduced its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 392,390 shares of the company’s stock after selling 4,409 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for approximately 14.8% of Penobscot Wealth Management’s holdings, making the stock its 2nd largest position. Penobscot Wealth Management’s holdings in SPDR Portfolio S&P 500 ETF were worth $21,935,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Advance Capital Management Inc. raised its holdings in SPDR Portfolio S&P 500 ETF by 200.6% during the fourth quarter. Advance Capital Management Inc. now owns 5,956,973 shares of the company’s stock valued at $332,995,000 after acquiring an additional 3,975,462 shares during the period. JPMorgan Chase & Co. raised its holdings in SPDR Portfolio S&P 500 ETF by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 10,044,571 shares of the company’s stock valued at $504,862,000 after acquiring an additional 2,351,596 shares during the period. 1900 Wealth Management LLC raised its holdings in SPDR Portfolio S&P 500 ETF by 1,777.1% during the fourth quarter. 1900 Wealth Management LLC now owns 2,432,652 shares of the company’s stock valued at $135,985,000 after acquiring an additional 2,303,056 shares during the period. LPL Financial LLC raised its holdings in SPDR Portfolio S&P 500 ETF by 10.9% during the third quarter. LPL Financial LLC now owns 22,823,121 shares of the company’s stock valued at $1,147,090,000 after acquiring an additional 2,235,952 shares during the period. Finally, Advocacy Wealth Management Services LLC bought a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $110,834,000.

SPDR Portfolio S&P 500 ETF Stock Down 0.4 %

NYSEARCA:SPLG traded down $0.24 on Thursday, reaching $59.22. 9,815,066 shares of the company’s stock traded hands, compared to its average volume of 8,881,428. The stock has a 50-day simple moving average of $60.14 and a 200-day simple moving average of $56.26. The firm has a market cap of $32.74 billion, a PE ratio of 25.72 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12 month low of $47.48 and a 12 month high of $61.69.

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.