Convergence Financial LLC Trims Position in SPDR Portfolio S&P 500 ETF $SPLG

Convergence Financial LLC reduced its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 42.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 99,114 shares of the company’s stock after selling 71,782 shares during the period. SPDR Portfolio S&P 500 ETF comprises approximately 1.2% of Convergence Financial LLC’s holdings, making the stock its 24th biggest holding. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $7,765,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at $311,000. Bison Wealth LLC grew its holdings in SPDR Portfolio S&P 500 ETF by 0.4% in the 4th quarter. Bison Wealth LLC now owns 142,938 shares of the company’s stock valued at $9,854,000 after buying an additional 630 shares during the period. Ignite Planners LLC increased its stake in shares of SPDR Portfolio S&P 500 ETF by 8.2% during the 2nd quarter. Ignite Planners LLC now owns 3,503 shares of the company’s stock valued at $259,000 after acquiring an additional 266 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter worth about $109,000. Finally, D.A. Davidson & CO. boosted its position in shares of SPDR Portfolio S&P 500 ETF by 113.1% in the second quarter. D.A. Davidson & CO. now owns 11,633 shares of the company’s stock worth $846,000 after acquiring an additional 6,173 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

SPDR Portfolio S&P 500 ETF stock opened at $80.55 on Friday. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $81.14. The firm has a 50 day moving average price of $80.90 and a 200 day moving average price of $79.04. The company has a market cap of $95.86 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.