Morling Financial Advisors LLC Lowers Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Morling Financial Advisors LLC lowered its stake in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,339 shares of the company’s stock after selling 2,167 shares during the quarter. SPDR Portfolio S&P 500 ETF comprises about 2.8% of Morling Financial Advisors LLC’s holdings, making the stock its 12th largest position. Morling Financial Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $7,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPLG. Elevation Wealth Partners LLC acquired a new stake in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $26,000. Hemington Wealth Management acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $37,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $39,000. Finally, West Branch Capital LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $41,000.

SPDR Portfolio S&P 500 ETF Trading Down 2.7 %

SPLG stock opened at $65.95 on Tuesday. The firm has a 50 day moving average of $70.07 and a 200-day moving average of $68.97. SPDR Portfolio S&P 500 ETF has a 12-month low of $58.08 and a 12-month high of $72.14. The company has a market cap of $54.76 billion, a price-to-earnings ratio of 26.92 and a beta of 1.01.

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.