IFP Advisors Inc trimmed its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 528,452 shares of the company’s stock after selling 2,237 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises about 1.2% of IFP Advisors Inc’s holdings, making the stock its 7th biggest holding. IFP Advisors Inc’s holdings in SPDR Portfolio S&P 500 ETF were worth $36,432,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Elevation Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $26,000. Hemington Wealth Management bought a new position in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $30,000. Blue Trust Inc. bought a new position in shares of SPDR Portfolio S&P 500 ETF in the third quarter valued at about $31,000. Highline Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the third quarter worth about $36,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter worth about $39,000.
SPDR Portfolio S&P 500 ETF Stock Down 1.7 %
Shares of SPLG stock opened at $70.59 on Monday. The stock has a 50-day moving average price of $70.41 and a 200 day moving average price of $68.64. The firm has a market cap of $58.62 billion, a price-to-earnings ratio of 26.92 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a 12 month low of $58.08 and a 12 month high of $72.14.
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.
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Want to see what other hedge funds are holding SPLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report).
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