Alliance Wealth Management Group Reduces Holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Posted by Christopher Mengel on Apr 1st, 2025

Alliance Wealth Management Group lowered its position in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Free Report) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 148,967 shares of the company’s stock after selling 4,396 shares during the period. SPDR Portfolio S&P 500 ETF comprises 2.7% of Alliance Wealth Management Group’s holdings, making the stock its 11th biggest position. Alliance Wealth Management Group’s holdings in SPDR Portfolio S&P 500 ETF were worth $10,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $26,000. Hemington Wealth Management acquired a new stake in SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $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 position in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $39,000. Finally, Basso Capital Management L.P. purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $40,000.

SPDR Portfolio S&P 500 ETF Stock Performance

Shares of SPDR Portfolio S&P 500 ETF stock opened at $65.76 on Tuesday. The business’s 50 day moving average price is $69.19 and its 200 day moving average price is $69.08. The company has a market cap of $59.35 billion, a price-to-earnings ratio of 24.63 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a one year low of $58.09 and a one year high of $72.14.

SPDR Portfolio S&P 500 ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were issued a dividend of $0.2174 per share. The ex-dividend date was Friday, March 28th.

About SPDR Portfolio S&P 500 ETF

(Free Report)

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.