Modera Wealth Management LLC Cuts Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Modera Wealth Management LLC reduced its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 12.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 71,805 shares of the company’s stock after selling 10,270 shares during the period. Modera Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $4,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at $26,000. Hemington Wealth Management purchased a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $30,000. Blue Trust Inc. bought a new position in SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new position in SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $37,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $39,000.

SPDR Portfolio S&P 500 ETF Stock Up 1.5 %

SPLG opened at $69.89 on Monday. The stock has a market capitalization of $58.04 billion, a price-to-earnings ratio of 26.92 and a beta of 1.01. The firm has a 50 day moving average price of $70.39 and a 200-day moving average price of $68.88. SPDR Portfolio S&P 500 ETF has a twelve month low of $58.08 and a twelve 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.