SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Get Free Report) shares dropped 0.7% on Wednesday . The company traded as low as $89.40 and last traded at $89.65. Approximately 25,536,854 shares traded hands during trading, an increase of 181% from the average session volume of 9,075,672 shares. The stock had previously closed at $90.28.
SPDR Portfolio S&P 500 ETF Stock Up 0.5%
The company’s fifty day moving average is $88.93 and its two-hundred day moving average is $85.06. The firm has a market capitalization of $107.19 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the fourth quarter worth $311,000. Bison Wealth LLC increased its position in shares of 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 buying an additional 630 shares in the last quarter. Glenmede Investment Management LP raised its stake in 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 worth $202,000 after buying an additional 221 shares during the period. Boulder Wealth Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 ETF during the 3rd quarter worth $288,000. Finally, Monograph Wealth Advisors LLC bought a new position in SPDR Portfolio S&P 500 ETF during the second quarter worth about $272,000.
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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.
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