SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Reaches New 52-Week High – Here’s Why

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

SPDR Portfolio S&P 500 ETF Stock Performance

The stock’s 50-day moving average price is $68.32 and its two-hundred day moving average price is $65.56. The stock has a market capitalization of $41.21 billion, a PE ratio of 26.64 and a beta of 1.00.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp boosted its position in shares of SPDR Portfolio S&P 500 ETF by 119.8% in the 3rd quarter. Synovus Financial Corp now owns 14,122 shares of the company’s stock worth $953,000 after purchasing an additional 7,698 shares in the last quarter. PVG Asset Management Corp bought a new stake in SPDR Portfolio S&P 500 ETF in the third quarter worth $201,000. World Investment Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 28.8% in the third quarter. World Investment Advisors LLC now owns 216,607 shares of the company’s stock worth $14,623,000 after acquiring an additional 48,491 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 5.3% during the third quarter. Anchor Investment Management LLC now owns 12,541 shares of the company’s stock valued at $847,000 after acquiring an additional 634 shares in the last quarter. Finally, Aldebaran Financial Inc. raised its position in shares of SPDR Portfolio S&P 500 ETF by 14.8% in the 3rd quarter. Aldebaran Financial Inc. now owns 38,155 shares of the company’s stock worth $2,576,000 after purchasing an additional 4,917 shares during the last quarter.

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.