SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Reaches New 1-Year High – Time to Buy?

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) shares reached a new 52-week high on Monday . The stock traded as high as $70.67 and last traded at $70.64, with a volume of 511115 shares traded. The stock had previously closed at $70.05.

SPDR Portfolio S&P 500 ETF Trading Up 0.3 %

The stock has a fifty day moving average of $68.15 and a 200-day moving average of $65.43. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 ETF

Institutional investors have recently bought and sold shares of the stock. Sumitomo Life Insurance Co. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the second quarter worth about $308,840,000. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in SPDR Portfolio S&P 500 ETF by 154.4% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after purchasing an additional 4,585,000 shares during the period. LPL Financial LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 8.0% in the 2nd quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after purchasing an additional 2,389,144 shares during the period. Cetera Investment Advisers raised its stake in SPDR Portfolio S&P 500 ETF by 350.8% during the 1st quarter. Cetera Investment Advisers now owns 2,223,389 shares of the company’s stock valued at $136,805,000 after purchasing an additional 1,730,168 shares during the period. Finally, World Investment Advisors LLC raised its stake in SPDR Portfolio S&P 500 ETF by 908.3% during the 3rd quarter. World Investment Advisors LLC now owns 1,695,058 shares of the company’s stock valued at $114,433,000 after purchasing an additional 1,526,942 shares during the period.

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.