SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Shares Down 0.3% – Here’s What Happened

Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $90.56 and last traded at $90.69. 9,432,469 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 9,075,672 shares. The stock had previously closed at $91.00.

SPDR Portfolio S&P 500 ETF Trading Down 0.3%

The business’s 50 day simple moving average is $87.94 and its two-hundred day simple moving average is $84.02. The firm has a market capitalization of $107.93 billion, a PE ratio of 25.61 and a beta of 1.00.

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 company. Creative Planning increased its position in shares of SPDR Portfolio S&P 500 ETF by 2.9% during the 3rd quarter. Creative Planning now owns 32,029,687 shares of the company’s stock valued at $2,509,206,000 after purchasing an additional 889,363 shares during the last quarter. Nissay Asset Management Corp Japan raised its position in SPDR Portfolio S&P 500 ETF by 838.3% in the third quarter. Nissay Asset Management Corp Japan now owns 9,989,832 shares of the company’s stock worth $782,603,000 after acquiring an additional 8,925,132 shares during the period. Raymond James Financial Inc. boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 13.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,681,618 shares of the company’s stock worth $366,758,000 after acquiring an additional 544,617 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,671,668 shares of the company’s stock worth $339,573,000 after acquiring an additional 73,400 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of SPDR Portfolio S&P 500 ETF by 6.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,787,339 shares of the company’s stock valued at $296,700,000 after acquiring an additional 222,306 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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.