Daido Life Insurance Co. Reduces Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Daido Life Insurance Co. cut its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 34.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 440,783 shares of the company’s stock after selling 228,658 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up approximately 3.7% of Daido Life Insurance Co.’s investment portfolio, making the stock its 5th biggest holding. Daido Life Insurance Co.’s holdings in SPDR Portfolio S&P 500 ETF were worth $30,388,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Cerity Partners LLC grew its position in shares of SPDR Portfolio S&P 500 ETF by 0.8% in the 3rd quarter. Cerity Partners LLC now owns 88,573 shares of the company’s stock worth $5,980,000 after buying an additional 700 shares during the last quarter. Bank of Montreal Can increased its position in shares of SPDR Portfolio S&P 500 ETF by 2.8% during the third quarter. Bank of Montreal Can now owns 40,471 shares of the company’s stock worth $2,720,000 after purchasing an additional 1,087 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 1,120.7% during the 3rd quarter. D.A. Davidson & CO. now owns 56,627 shares of the company’s stock valued at $3,823,000 after purchasing an additional 51,988 shares during the last quarter. FMR LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 12.2% in the 3rd quarter. FMR LLC now owns 114,251 shares of the company’s stock worth $7,713,000 after purchasing an additional 12,457 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in SPDR Portfolio S&P 500 ETF by 9.1% during the 3rd quarter. Townsquare Capital LLC now owns 145,625 shares of the company’s stock worth $9,831,000 after buying an additional 12,192 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPLG opened at $66.91 on Friday. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $58.09 and a fifty-two week high of $72.14. The company has a market cap of $56.15 billion, a PE ratio of 24.69 and a beta of 1.01. The business has a 50-day simple moving average of $69.38 and a two-hundred day simple moving average of $69.02.

SPDR Portfolio S&P 500 ETF Company 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.