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

Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) reached a new 52-week high during trading on Thursday . The stock 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 Price Performance

The stock has a market capitalization of $41.83 billion, a price-to-earnings ratio of 26.64 and a beta of 1.00. The business has a fifty day moving average of $70.11 and a 200 day moving average of $67.55.

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

A number of institutional investors have recently made changes to their positions in SPLG. Arcadia Wealth Management LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 7.1% during the 4th quarter. Arcadia Wealth Management LLC now owns 127,217 shares of the company’s stock worth $8,770,000 after acquiring an additional 8,454 shares in the last quarter. Upper Left Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 6.0% during the fourth quarter. Upper Left Wealth Management LLC now owns 76,133 shares of the company’s stock worth $5,249,000 after purchasing an additional 4,334 shares in the last quarter. Narus Financial Partners LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 4.2% in the fourth quarter. Narus Financial Partners LLC now owns 26,378 shares of the company’s stock valued at $1,819,000 after purchasing an additional 1,072 shares during the period. Hartford Financial Management Inc. boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 16.1% in the fourth quarter. Hartford Financial Management Inc. now owns 20,875 shares of the company’s stock valued at $1,439,000 after purchasing an additional 2,888 shares during the period. Finally, Quantum Financial Planning Services Inc. acquired a new position in shares of SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $29,418,000.

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.