New Wave Wealth Advisors LLC Sells 1,285 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

New Wave Wealth Advisors LLC cut its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,819 shares of the company’s stock after selling 1,285 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arcadia Wealth Management LLC lifted its position in SPDR Portfolio S&P 500 ETF by 7.1% during the 4th quarter. Arcadia Wealth Management LLC now owns 127,217 shares of the company’s stock worth $8,770,000 after buying an additional 8,454 shares in the last quarter. Upper Left Wealth Management LLC lifted its position in SPDR Portfolio S&P 500 ETF by 6.0% during the 4th quarter. Upper Left Wealth Management LLC now owns 76,133 shares of the company’s stock worth $5,249,000 after buying an additional 4,334 shares in the last quarter. Narus Financial Partners LLC lifted its position in SPDR Portfolio S&P 500 ETF by 4.2% during the 4th quarter. Narus Financial Partners LLC now owns 26,378 shares of the company’s stock worth $1,819,000 after buying an additional 1,072 shares in the last quarter. Hartford Financial Management Inc. lifted its position in SPDR Portfolio S&P 500 ETF by 16.1% during the 4th quarter. Hartford Financial Management Inc. now owns 20,875 shares of the company’s stock worth $1,439,000 after buying an additional 2,888 shares in the last quarter. Finally, Quantum Financial Planning Services Inc. bought a new stake in SPDR Portfolio S&P 500 ETF during the 4th quarter worth about $29,418,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPLG stock opened at $71.16 on Friday. The firm’s 50-day moving average is $70.29 and its 200-day moving average is $67.74. The stock has a market cap of $41.50 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 52-week low of $56.80 and a 52-week high of $71.85.

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.