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

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) hit a new 52-week high on Thursday . The company traded as high as $71.73 and last traded at $71.73, with a volume of 5215127 shares changing hands. The stock had previously closed at $71.34.

SPDR Portfolio S&P 500 ETF Trading Down 0.3 %

The company’s 50-day moving average price is $70.20 and its two-hundred day moving average price is $67.62. The company has a market cap of $41.70 billion, a P/E ratio of 26.64 and a beta of 1.00.

Institutional Trading of SPDR Portfolio S&P 500 ETF

Large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in SPDR Portfolio S&P 500 ETF by 3.2% during the third quarter. Creative Planning now owns 29,491,836 shares of the company’s stock valued at $1,990,994,000 after buying an additional 915,823 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of SPDR Portfolio S&P 500 ETF by 18.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock valued at $624,086,000 after acquiring an additional 1,410,000 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in shares of SPDR Portfolio S&P 500 ETF by 154.4% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 7,555,000 shares of the company’s stock valued at $510,038,000 after acquiring an additional 4,585,000 shares in the last quarter. CWM LLC boosted its stake in SPDR Portfolio S&P 500 ETF by 8.2% in the 3rd quarter. CWM LLC now owns 7,213,673 shares of the company’s stock worth $486,995,000 after purchasing an additional 547,989 shares during the period. Finally, Gradient Investments LLC grew its position in SPDR Portfolio S&P 500 ETF by 44.3% during the 4th quarter. Gradient Investments LLC now owns 4,755,325 shares of the company’s stock worth $327,832,000 after purchasing an additional 1,460,710 shares in 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.