Merit Financial Group LLC Has $30.35 Million Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Merit Financial Group LLC lessened its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 27.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 461,509 shares of the company’s stock after selling 172,922 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $30,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SPLG. Jones Financial Companies Lllp grew its position in shares of SPDR Portfolio S&P 500 ETF by 14,332.4% in the fourth quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after purchasing an additional 15,476,455 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $269,842,000. LPL Financial LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 10.4% in the fourth quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock valued at $2,710,503,000 after buying an additional 3,697,646 shares during the period. NorthRock Partners LLC bought a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $222,015,000. Finally, Independent Advisor Alliance boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 2,019.1% in the fourth quarter. Independent Advisor Alliance now owns 3,066,946 shares of the company’s stock valued at $211,435,000 after buying an additional 2,922,219 shares during the period.

SPDR Portfolio S&P 500 ETF Trading Up 0.5%

Shares of SPLG stock opened at $69.71 on Tuesday. The stock has a market cap of $67.75 billion, a P/E ratio of 24.62 and a beta of 1.01. The stock has a 50 day simple moving average of $65.45 and a 200 day simple moving average of $68.24. SPDR Portfolio S&P 500 ETF has a 1 year low of $56.67 and a 1 year high of $72.14.

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.