Forthright Family Wealth Advisory LLC Sells 332,660 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Forthright Family Wealth Advisory LLC reduced its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 47.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,265 shares of the company’s stock after selling 332,660 shares during the period. SPDR Portfolio S&P 500 ETF accounts for approximately 15.7% of Forthright Family Wealth Advisory LLC’s holdings, making the stock its biggest position. Forthright Family Wealth Advisory LLC owned approximately 0.06% of SPDR Portfolio S&P 500 ETF worth $25,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at about $41,000. Hofer & Associates. Inc lifted its stake in SPDR Portfolio S&P 500 ETF by 1.2% during the second quarter. Hofer & Associates. Inc now owns 13,457 shares of the company’s stock valued at $861,000 after purchasing an additional 166 shares during the last quarter. World Equity Group Inc. boosted its holdings in SPDR Portfolio S&P 500 ETF by 4.8% during the second quarter. World Equity Group Inc. now owns 45,567 shares of the company’s stock worth $2,916,000 after buying an additional 2,095 shares in the last quarter. E&G Advisors LP boosted its holdings in SPDR Portfolio S&P 500 ETF by 3.3% during the second quarter. E&G Advisors LP now owns 72,229 shares of the company’s stock worth $4,623,000 after buying an additional 2,282 shares in the last quarter. Finally, Spectrum Planning & Advisory Services Inc. acquired a new position in SPDR Portfolio S&P 500 ETF in the second quarter worth approximately $17,968,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA:SPLG traded up $0.24 during midday trading on Friday, reaching $71.34. The company had a trading volume of 427,847 shares, compared to its average volume of 6,987,178. The company has a fifty day simple moving average of $69.29 and a two-hundred day simple moving average of $66.26. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 1-year low of $54.87 and a 1-year high of $71.64.

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.