SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Hits New 12-Month High – Still a Buy?

by · The Cerbat Gem

Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $69.27 and last traded at $69.26, with a volume of 651201 shares trading hands. The stock had previously closed at $67.82.

SPDR Portfolio S&P 500 ETF Price Performance

The company’s 50-day simple moving average is $66.95 and its 200-day simple moving average is $64.50. The stock has a market capitalization of $40.53 billion, a P/E ratio of 26.64 and a beta of 1.00.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Archer Investment Corp boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 48.3% in the third quarter. Archer Investment Corp now owns 165,969 shares of the company’s stock valued at $11,205,000 after buying an additional 54,018 shares during the period. Dearborn Partners LLC grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 8.2% during the 3rd quarter. Dearborn Partners LLC now owns 24,826 shares of the company’s stock worth $1,676,000 after purchasing an additional 1,887 shares in the last quarter. Lifeworks Advisors LLC increased its position in shares of SPDR Portfolio S&P 500 ETF by 93.5% in the third quarter. Lifeworks Advisors LLC now owns 83,745 shares of the company’s stock worth $5,654,000 after purchasing an additional 40,466 shares during the period. International Private Wealth Advisors LLC lifted its position in SPDR Portfolio S&P 500 ETF by 50.9% during the third quarter. International Private Wealth Advisors LLC now owns 11,185 shares of the company’s stock worth $755,000 after purchasing an additional 3,774 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 4.9% in the 3rd quarter. Main Street Financial Solutions LLC now owns 3,746 shares of the company’s stock valued at $253,000 after buying an additional 175 shares during the period.

SPDR Portfolio S&P 500 ETF Company Profile

(Get Free Report)

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.

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