JDM Financial Group LLC Cuts Stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

JDM Financial Group LLC cut its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 34.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,906 shares of the company’s stock after selling 26,414 shares during the period. SPDR Portfolio S&P 500 ETF accounts for 1.8% of JDM Financial Group LLC’s holdings, making the stock its 13th biggest holding. JDM Financial Group LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $3,369,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. purchased a new position in shares of SPDR Portfolio S&P 500 ETF in the second quarter worth $308,840,000. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in SPDR Portfolio S&P 500 ETF by 154.4% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock valued at $510,038,000 after acquiring an additional 4,585,000 shares during the last quarter. LPL Financial LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 8.0% in the 2nd quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after purchasing an additional 2,389,144 shares in the last quarter. World Investment Advisors LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 908.3% in the 3rd quarter. World Investment Advisors LLC now owns 1,695,058 shares of the company’s stock worth $114,433,000 after purchasing an additional 1,526,942 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at about $82,572,000.

SPDR Portfolio S&P 500 ETF Trading Down 0.5 %

Shares of SPLG stock opened at $71.14 on Tuesday. The stock’s 50-day moving average price is $69.03 and its 200-day moving average price is $66.12. SPDR Portfolio S&P 500 ETF has a 12-month low of $54.03 and a 12-month high of $71.64. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

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.