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

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) shares reached a new 52-week high on Monday . The stock traded as high as $71.02 and last traded at $70.96, with a volume of 791195 shares. The stock had previously closed at $70.89.

SPDR Portfolio S&P 500 ETF Price Performance

The company’s 50-day moving average price is $68.55 and its two-hundred day moving average price is $65.74. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00.

Institutional Inflows and Outflows

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

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.