Pinion Investment Advisors LLC Decreases Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Pinion Investment Advisors LLC lessened its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,728 shares of the company’s stock after selling 179 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up about 0.8% of Pinion Investment Advisors LLC’s portfolio, making the stock its 26th biggest holding. Pinion Investment Advisors LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $1,912,000 at the end of the most recent reporting period.

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

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA:SPLG opened at $68.70 on Tuesday. The firm has a 50-day moving average of $70.36 and a two-hundred day moving average of $68.90. The stock has a market cap of $57.05 billion, a P/E 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.

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.