AlphaStar Capital Management LLC Sells 284,355 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

AlphaStar Capital Management LLC decreased its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 17.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,364,468 shares of the company’s stock after selling 284,355 shares during the period. SPDR Portfolio S&P 500 ETF makes up 9.8% of AlphaStar Capital Management LLC’s portfolio, making the stock its 2nd largest position. AlphaStar Capital Management LLC owned approximately 0.23% of SPDR Portfolio S&P 500 ETF worth $94,066,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its holdings in SPDR Portfolio S&P 500 ETF by 3.2% during the 3rd quarter. Creative Planning now owns 29,491,836 shares of the company’s stock worth $1,990,994,000 after buying an additional 915,823 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 18.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock valued at $624,086,000 after purchasing an additional 1,410,000 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in shares of SPDR Portfolio S&P 500 ETF by 154.4% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after buying an additional 4,585,000 shares during the period. Gradient Investments LLC raised its position in SPDR Portfolio S&P 500 ETF by 44.3% in the 4th quarter. Gradient Investments LLC now owns 4,755,325 shares of the company’s stock valued at $327,832,000 after buying an additional 1,460,710 shares during the last quarter. Finally, 1900 Wealth Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 4.8% in the 4th quarter. 1900 Wealth Management LLC now owns 4,704,127 shares of the company’s stock valued at $325,259,000 after acquiring an additional 213,820 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 0.9 %

Shares of SPLG opened at $70.68 on Friday. SPDR Portfolio S&P 500 ETF has a twelve month low of $57.72 and a twelve month high of $71.85. The company has a 50 day moving average of $70.36 and a 200-day moving average of $67.99. The stock has a market capitalization of $41.22 billion, a P/E 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.