SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Sees Large Volume Increase – Time to Buy?

Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) saw unusually-high trading volume on Wednesday . Approximately 12,675,348 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 6,875,141 shares.The stock last traded at $66.33 and had previously closed at $66.01.

SPDR Portfolio S&P 500 ETF Stock Up 0.7 %

The stock has a market cap of $55.79 billion, a PE ratio of 24.69 and a beta of 1.01. The business’s 50-day simple moving average is $69.66 and its 200-day simple moving average is $68.97.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 ETF

A number of large investors have recently made changes to their positions in the business. Swmg LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 0.3% in the fourth quarter. Swmg LLC now owns 49,271 shares of the company’s stock worth $3,515,000 after acquiring an additional 144 shares during the period. Integrity Wealth Solutions LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 0.5% in the 4th quarter. Integrity Wealth Solutions LLC now owns 28,653 shares of the company’s stock worth $1,975,000 after purchasing an additional 145 shares during the period. Key Financial Inc boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 1.6% during the 4th quarter. Key Financial Inc now owns 9,410 shares of the company’s stock valued at $649,000 after purchasing an additional 146 shares in the last quarter. Invst LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 1.2% during the 4th quarter. Invst LLC now owns 12,336 shares of the company’s stock valued at $850,000 after purchasing an additional 146 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in shares of SPDR Portfolio S&P 500 ETF by 3.3% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 4,671 shares of the company’s stock valued at $322,000 after buying an additional 148 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.