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

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

SPDR Portfolio S&P 500 ETF Stock Up 0.0 %

The stock has a market capitalization of $41.43 billion, a PE ratio of 26.64 and a beta of 1.00. The business’s fifty day moving average is $68.70 and its two-hundred day moving average is $65.87.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SPLG. LPL Financial LLC grew its position in SPDR Portfolio S&P 500 ETF by 8.0% in the second quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after acquiring an additional 2,389,144 shares in the last quarter. Creative Planning boosted its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.2% in the 3rd quarter. Creative Planning now owns 29,491,836 shares of the company’s stock worth $1,990,994,000 after purchasing an additional 915,823 shares during the period. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio S&P 500 ETF by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,281,461 shares of the company’s stock valued at $658,014,000 after purchasing an additional 1,232,825 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in SPDR Portfolio S&P 500 ETF by 50.1% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 7,642,600 shares of the company’s stock valued at $515,952,000 after buying an additional 2,550,000 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in SPDR Portfolio S&P 500 ETF by 154.4% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock worth $510,038,000 after buying an additional 4,585,000 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.