SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Reaches New 1-Year High – Here’s Why

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.88 and last traded at $71.82, with a volume of 554919 shares traded. The stock had previously closed at $71.73.

SPDR Portfolio S&P 500 ETF Trading Down 0.0 %

The business has a 50 day moving average price of $70.37 and a 200-day moving average price of $68.28. The firm has a market capitalization of $41.82 billion, a PE ratio of 26.64 and a beta of 1.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 120,702 shares of the company’s stock valued at $8,321,000 after purchasing an additional 1,072 shares in the last quarter. Eagle Strategies LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 4.1% in the fourth quarter. Eagle Strategies LLC now owns 719,929 shares of the company’s stock valued at $49,632,000 after buying an additional 28,403 shares in the last quarter. Wise Wealth Partners acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $6,070,000. Rehmann Capital Advisory Group boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 31.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 224,886 shares of the company’s stock worth $15,504,000 after acquiring an additional 53,472 shares in the last quarter. Finally, Bison Wealth LLC grew 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 worth $9,854,000 after acquiring an additional 630 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.