BNP Paribas Financial Markets Reduces SPDR Portfolio S&P 500 ETF Holdings

BNP Paribas Financial Markets has reduced its investment in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 43.0% during the third quarter, as reported by HoldingsChannel.com. Following the sale of 69,779 shares, the institutional investor now possesses 92,316 shares. At the close of the latest reporting period, BNP Paribas Financial Markets' holdings were estimated to be valued at approximately $6,232,000.

Several other institutional investors have also adjusted their stakes in SPDR Portfolio S&P 500 ETF. For instance, Mather Group LLC increased its ownership by 55.0% during the second quarter, bringing its total to 4,868 shares, a value of around $300,000 after acquiring an additional 1,728 shares. Similarly, Fulton Bank N.A. established a new position in SPDR Portfolio S&P 500 ETF during the same period, valued at $311,000. Furthermore, Kingswood Wealth Advisors LLC raised its stake by 17.6%, now owning 21,681 shares worth $1,388,000 after adding 3,239 shares.

Stewardship Advisors LLC also saw an increase in its holdings, going up by 2.6% to own 11,841 shares valued at $758,000 following the purchase of 304 additional shares. In an impressive move, RDA Financial Network raised its position by 229.5% during the second quarter, now owning 38,987 shares worth $2,495,000 after acquiring 27,154 additional shares in the period.

Current Performance of SPDR Portfolio S&P 500 ETF

As of Tuesday, shares of SPLG were trading at $71.01, reflecting a modest increase of 0.2%. The stock's 50-day simple moving average stands at $68.63, while its 200-day simple moving average is at $65.81. With a market capitalization of $41.41 billion, the ETF has a price-to-earnings (P/E) ratio of 26.64 and a beta of 1.00. The SPDR Portfolio S&P 500 ETF has seen a yearly low of $53.43 and a high of $71.09.

About SPDR Portfolio S&P 500 ETF

The SPDR Portfolio S&P 500 ETF, previously known as the SPDR Russell 1000 ETF, aims to deliver investment results that correspond to the overall performance of an index tracking large-capitalization publicly traded companies in the United States.

BNP, SPLG, ETF