Forvis Mazars Wealth Advisors LLC Reduces Stock Position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Forvis Mazars Wealth Advisors LLC lessened its stake in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 22.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,624 shares of the company’s stock after selling 1,955 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Theory Financial LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 4.1% during the 4th quarter. Theory Financial LLC now owns 127,571 shares of the company’s stock valued at $8,795,000 after purchasing an additional 5,001 shares during the last quarter. Wealthspire Advisors LLC grew its position in SPDR Portfolio S&P 500 ETF by 9.9% during the fourth quarter. Wealthspire Advisors LLC now owns 863,733 shares of the company’s stock valued at $59,546,000 after buying an additional 77,753 shares during the period. Abound Financial LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $14,680,000. JBR Co Financial Management Inc raised its position in SPDR Portfolio S&P 500 ETF by 23.9% in the fourth quarter. JBR Co Financial Management Inc now owns 88,305 shares of the company’s stock worth $6,088,000 after acquiring an additional 17,011 shares during the period. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth $11,590,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of SPLG stock opened at $70.26 on Tuesday. The company has a market cap of $58.34 billion, a price-to-earnings ratio of 26.92 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a 1 year low of $58.08 and a 1 year high of $72.14. The firm has a fifty day moving average price of $70.41 and a 200-day moving average price of $68.64.

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.