SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Trading Up 0.8% – Time to Buy?

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) shares rose 0.8% on Wednesday . The company traded as high as $88.16 and last traded at $88.08. Approximately 11,552,643 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 9,075,672 shares. The stock had previously closed at $87.36.

SPDR Portfolio S&P 500 ETF Stock Performance

The firm has a market cap of $103.43 billion, a PE ratio of 25.61 and a beta of 1.00. The firm’s 50-day moving average price is $87.72 and its two-hundred day moving average price is $83.27.

Institutional Trading of SPDR Portfolio S&P 500 ETF

A number of institutional investors have recently added to or reduced their stakes in SPLG. Tudor Investment Corp ET AL lifted its stake in shares of SPDR Portfolio S&P 500 ETF by 87.6% during the third quarter. Tudor Investment Corp ET AL now owns 82,151 shares of the company’s stock valued at $6,436,000 after buying an additional 38,363 shares during the period. Brighton Jones LLC acquired a new position in SPDR Portfolio S&P 500 ETF in the fourth quarter valued at $311,000. Bison Wealth LLC increased its holdings in SPDR Portfolio S&P 500 ETF by 0.4% in the 4th quarter. Bison Wealth LLC now owns 142,938 shares of the company’s stock valued at $9,854,000 after purchasing an additional 630 shares in the last quarter. Glenmede Investment Management LP boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 9.4% during the 3rd quarter. Glenmede Investment Management LP now owns 2,573 shares of the company’s stock valued at $202,000 after buying an additional 221 shares during the last quarter. Finally, Boulder Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at approximately $288,000.

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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.