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

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

SPDR Portfolio S&P 500 ETF Trading Up 0.0 %

The business has a 50 day moving average of $70.36 and a 200-day moving average of $68.19. The stock has a market cap of $41.85 billion, a PE ratio of 26.64 and a beta of 1.00.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Elevation Wealth Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 4th quarter worth $26,000. Hemington Wealth Management acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $30,000. Blue Trust Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at about $31,000. Highline Wealth Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the third quarter valued at about $36,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $37,000.

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.