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

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)’s share price reached a new 52-week high on Thursday . The stock traded as high as $68.88 and last traded at $68.88, with a volume of 52634 shares changing hands. The stock had previously closed at $68.49.

SPDR Portfolio S&P 500 ETF Trading Up 0.3 %

The stock has a market cap of $40.05 billion, a PE ratio of 26.64 and a beta of 1.00. The business has a fifty day simple moving average of $66.03 and a two-hundred day simple moving average of $63.71.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Sachetta LLC lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 82.9% in the second quarter. Sachetta LLC now owns 1,624 shares of the company’s stock worth $104,000 after buying an additional 736 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in SPDR Portfolio S&P 500 ETF by 12.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 36,657 shares of the company’s stock worth $2,255,000 after acquiring an additional 3,982 shares during the period. QRG Capital Management Inc. lifted its holdings in SPDR Portfolio S&P 500 ETF by 11.8% during the second quarter. QRG Capital Management Inc. now owns 5,868 shares of the company’s stock valued at $376,000 after purchasing an additional 619 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of SPDR Portfolio S&P 500 ETF by 0.6% in the third quarter. Ausdal Financial Partners Inc. now owns 308,615 shares of the company’s stock worth $20,835,000 after purchasing an additional 1,894 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio S&P 500 ETF in the third quarter worth $33,000.

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.