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

Convergence Financial LLC trimmed its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,114 shares of the company’s stock after selling 71,782 shares during the period. SPDR Portfolio S&P 500 ETF accounts for about 1.2% of Convergence Financial LLC’s investment portfolio, making the stock its 24th largest position. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $7,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of SPDR Portfolio S&P 500 ETF by 88.5% in the second quarter. Bank of America Corp DE now owns 59,401,970 shares of the company’s stock valued at $4,317,929,000 after purchasing an additional 27,889,948 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in SPDR Portfolio S&P 500 ETF by 15.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 50,982,604 shares of the company’s stock valued at $3,968,996,000 after buying an additional 6,782,445 shares in the last quarter. Creative Planning grew its holdings in SPDR Portfolio S&P 500 ETF by 1.0% during the 2nd quarter. Creative Planning now owns 31,140,324 shares of the company’s stock valued at $2,263,590,000 after buying an additional 319,951 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio S&P 500 ETF by 6.2% during the third quarter. Envestnet Asset Management Inc. now owns 16,868,988 shares of the company’s stock worth $1,321,517,000 after buying an additional 984,276 shares in the last quarter. Finally, Kedalion Capital Management LLP raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 83.7% in the third quarter. Kedalion Capital Management LLP now owns 12,884,000 shares of the company’s stock worth $1,009,333,000 after acquiring an additional 5,869,620 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Down 0.2%

Shares of NYSEARCA:SPLG opened at $80.55 on Friday. The company has a market capitalization of $95.86 billion, a P/E ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.67 and a 52-week high of $81.14. The stock’s fifty day simple moving average is $80.90 and its 200-day simple moving average is $79.04.

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