Cannon Wealth Management Services LLC Lowers Stock Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Cannon Wealth Management Services LLC cut its holdings in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,247 shares of the company’s stock after selling 2,194 shares during the quarter. SPDR Portfolio S&P 500 ETF accounts for 9.2% of Cannon Wealth Management Services LLC’s holdings, making the stock its largest position. Cannon Wealth Management Services LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $10,634,000 as of its most recent SEC filing.

Other hedge funds also recently 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 during the fourth quarter worth approximately $26,000. Hemington Wealth Management bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth approximately $30,000. Blue Trust Inc. bought a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $31,000. Highline Wealth Partners LLC bought a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $36,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $39,000.

SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA:SPLG opened at $70.59 on Monday. The company’s 50 day simple moving average is $70.41 and its 200 day simple moving average is $68.64. The stock has a market capitalization 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 1 year low of $58.08 and a 1 year high of $72.14.

About SPDR Portfolio S&P 500 ETF

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.