SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Hits New 52-Week Low – Here’s Why

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) shares hit a new 52-week low on Monday . The company traded as low as $56.67 and last traded at $56.85, with a volume of 4015357 shares changing hands. The stock had previously closed at $59.45.

SPDR Portfolio S&P 500 ETF Stock Up 9.5 %

The business’s 50-day moving average price is $67.86 and its 200-day moving average price is $68.83. The firm has a market capitalization of $57.70 billion, a PE ratio of 24.63 and a beta of 1.01.

SPDR Portfolio S&P 500 ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were given a $0.2174 dividend. The ex-dividend date of this dividend was Friday, March 28th.

Institutional Trading of SPDR Portfolio S&P 500 ETF

A number of hedge funds have recently bought and sold shares of the stock. RFG Advisory LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 16.6% during the first quarter. RFG Advisory LLC now owns 443,142 shares of the company’s stock worth $29,141,000 after purchasing an additional 63,115 shares during the period. HBW Advisory Services LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 7.2% during the 1st quarter. HBW Advisory Services LLC now owns 11,831 shares of the company’s stock worth $778,000 after purchasing an additional 790 shares in the last quarter. Lbmc Investment Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 11.8% in the first quarter. Lbmc Investment Advisors LLC now owns 32,769 shares of the company’s stock valued at $2,155,000 after buying an additional 3,460 shares in the last quarter. Milestone Asset Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the first quarter valued at $315,000. Finally, Strong Tower Advisory Services boosted its position in shares of SPDR Portfolio S&P 500 ETF by 36.2% in the first quarter. Strong Tower Advisory Services now owns 32,104 shares of the company’s stock valued at $2,111,000 after acquiring an additional 8,538 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.