SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Reaches New 52-Week High – Still a Buy?

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) shares reached a new 52-week high on Thursday . The company traded as high as $68.88 and last traded at $68.88, with a volume of 52634 shares traded. The stock had previously closed at $68.49.

SPDR Portfolio S&P 500 ETF Price Performance

The company has a market cap of $40.05 billion, a P/E ratio of 26.64 and a beta of 1.00. The stock’s 50-day moving average price is $66.03 and its 200-day moving average price is $63.71.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Onyx Bridge Wealth Group LLC lifted its position in SPDR Portfolio S&P 500 ETF by 5.9% during the third quarter. Onyx Bridge Wealth Group LLC now owns 8,005 shares of the company’s stock worth $540,000 after purchasing an additional 448 shares during the period. Leverty Financial Group LLC lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 27.0% during the 3rd quarter. Leverty Financial Group LLC now owns 13,371 shares of the company’s stock worth $903,000 after acquiring an additional 2,842 shares during the period. Bleakley Financial Group LLC boosted its position in shares of SPDR Portfolio S&P 500 ETF by 5.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 18,669 shares of the company’s stock worth $1,260,000 after acquiring an additional 926 shares in the last quarter. Greenup Street Wealth Management LLC bought a new position in SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $200,000. Finally, Rockwood Wealth Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 3.5% during the third quarter. Rockwood Wealth Management LLC now owns 10,452 shares of the company’s stock worth $706,000 after purchasing an additional 352 shares during the last quarter.

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.