SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Sets New 52-Week High – Still a Buy?

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

SPDR Portfolio S&P 500 ETF Stock Up 0.4 %

The business’s 50 day moving average is $66.28 and its 200-day moving average is $63.79. The firm has a market capitalization of $40.09 billion, a P/E ratio of 26.64 and a beta of 1.00.

Institutional Trading of SPDR Portfolio S&P 500 ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westwind Capital bought a new stake in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth $33,000. Blue Trust Inc. acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the third quarter worth $31,000. ORG Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter worth $41,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 76.6% during the first quarter. Harbor Investment Advisory LLC now owns 641 shares of the company’s stock worth $39,000 after purchasing an additional 278 shares during the period.

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.