Rakuten Securities Inc. Sells 193 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Rakuten Securities Inc. cut its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 14.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,171 shares of the company’s stock after selling 193 shares during the period. Rakuten Securities Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $77,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC raised its stake in shares of SPDR Portfolio S&P 500 ETF by 1,200.0% during the first quarter. Signature Resources Capital Management LLC now owns 455 shares of the company’s stock valued at $30,000 after acquiring an additional 420 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $37,000. Clarity Asset Management Inc. bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $38,000. Basso Capital Management L.P. bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $40,000. Finally, Curio Wealth LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $41,000.

SPDR Portfolio S&P 500 ETF Trading Down 0.8%

Shares of NYSEARCA:SPLG opened at $70.30 on Wednesday. The company has a market cap of $68.33 billion, a price-to-earnings ratio of 24.62 and a beta of 1.01. The company has a 50-day moving average price of $67.09 and a 200-day moving average price of $68.29. SPDR Portfolio S&P 500 ETF has a 12 month low of $56.67 and a 12 month 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.