SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Trading Up 0.8% – Time to Buy?

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) was up 0.8% during trading on Wednesday . The stock traded as high as $88.16 and last traded at $88.08. Approximately 11,552,643 shares were traded during trading, an increase of 27% from the average session volume of 9,075,672 shares. The stock had previously closed at $87.36.

SPDR Portfolio S&P 500 ETF Stock Up 0.8%

The business has a 50-day moving average price of $87.70 and a two-hundred day moving average price of $83.21. The company has a market capitalization of $104.82 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00.

Institutional Trading of SPDR Portfolio S&P 500 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL grew its stake in shares of SPDR Portfolio S&P 500 ETF by 87.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 82,151 shares of the company’s stock worth $6,436,000 after acquiring an additional 38,363 shares in the last quarter. Park Place Capital Corp grew its position in SPDR Portfolio S&P 500 ETF by 8.3% during the fourth quarter. Park Place Capital Corp now owns 157,833 shares of the company’s stock worth $12,661,000 after buying an additional 12,100 shares in the last quarter. Brighton Jones LLC bought a new position in SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $311,000. Westwind Capital raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 17.1% in the 4th quarter. Westwind Capital now owns 174,318 shares of the company’s stock valued at $13,984,000 after acquiring an additional 25,456 shares in the last quarter. Finally, Bison Wealth LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.4% in the 4th quarter. Bison Wealth LLC now owns 142,938 shares of the company’s stock valued at $9,854,000 after acquiring an additional 630 shares in 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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.