Alpha Financial Partners Reduces Stake in SPDR Portfolio ETF by 18.2%

Alpha Financial Partners LLC has decreased its holdings in the SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 18.2% during the third quarter of 2023. According to its latest filing with the U.S. Securities and Exchange Commission (SEC), the firm now owns 62,685 shares after selling 13,904 shares during this period. The SPDR Portfolio S&P 500 ETF accounts for approximately 3.2% of Alpha Financial’s total investments, making it the company’s sixth largest position, valued at around $4,911,000.

Other hedge funds have also adjusted their positions in SPLG recently. For instance, A4 Wealth Advisors LLC initiated a new stake in the ETF, valued at approximately $4,130,000. Etesian Wealth Advisors Inc. increased its position by 37.6%, now holding 63,745 shares worth $4,994,000 after acquiring an additional 17,404 shares.

American Financial Advisors LLC made a significant move, boosting its stake by 236.7% to own 35,502 shares valued at $2,781,000 following a purchase of 24,957 shares. First Command Advisory Services Inc. also expanded its holdings by 54.3%, now owning 2,678,563 shares valued at $209,841,000 after buying an additional 942,586 shares. Furthermore, Mattson Financial Services LLC enhanced its investment by 27.7%, bringing its total to 182,977 shares worth $14,334,000.

Current Stock Performance and Market Insights

As of Thursday, the SPDR Portfolio S&P 500 ETF opened at $80.33. The fund’s 50-day moving average stands at $80.91, while the 200-day moving average is at $78.98. Over the past year, the ETF has experienced a low of $56.67 and a high of $81.14. Its market capitalization is currently around $95.60 billion, with a price-to-earnings (P/E) ratio of 25.61 and a beta of 1.00, indicating its volatility relative to the market.

The SPDR Portfolio S&P 500 ETF aims to deliver investment results that, before fees and expenses, correspond closely to the total return performance of a benchmark index that tracks large capitalization U.S. equities. The sectors represented in the fund include technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities, and telecommunications.

Investors interested in the latest movements and positions of hedge funds in SPLG can access detailed reports and filings, such as the 13F filings, through platforms like HoldingsChannel.com. This provides insights into the ongoing trends and strategies employed by various investment firms in relation to the SPDR Portfolio S&P 500 ETF.