SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Hits New 12-Month Low – Here’s What Happened

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

SPDR Portfolio S&P 500 ETF Stock Performance

The company’s fifty day moving average price is $68.58 and its two-hundred day moving average price is $69.02. The firm has a market capitalization of $53.55 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 paid a dividend of $0.2174 per share. The ex-dividend date of this dividend was Friday, March 28th.

Institutional Trading of SPDR Portfolio S&P 500 ETF

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC grew its position in SPDR Portfolio S&P 500 ETF by 10.4% during the fourth quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock valued at $2,710,503,000 after acquiring an additional 3,697,646 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 14,332.4% in the 4th quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after purchasing an additional 15,476,455 shares in the last quarter. Invesco Ltd. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 17.0% during the 4th quarter. Invesco Ltd. now owns 15,463,978 shares of the company’s stock worth $1,066,087,000 after purchasing an additional 2,250,006 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 14.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,924,595 shares of the company’s stock worth $891,022,000 after purchasing an additional 1,635,377 shares during the period. Finally, Sumitomo Life Insurance Co. increased its position in SPDR Portfolio S&P 500 ETF by 18.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock worth $624,086,000 after purchasing an additional 1,410,000 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Company Profile

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.