SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Stock Price Down 0.3% – What’s Next?
by Sarita Garza · The Markets DailySPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG – Get Free Report) shares traded down 0.3% on Wednesday . The stock traded as low as $85.06 and last traded at $86.76. 22,392,789 shares were traded during mid-day trading, an increase of 147% from the average session volume of 9,075,672 shares. The stock had previously closed at $87.02.
SPDR Portfolio S&P 500 ETF Trading Down 0.3%
The business’s fifty day simple moving average is $84.37 and its 200 day simple moving average is $81.64. The stock has a market cap of $103.25 billion, a P/E ratio of 25.61 and a beta of 1.00.
Institutional Investors Weigh In On SPDR Portfolio S&P 500 ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in SPDR Portfolio S&P 500 ETF by 10.2% during the 3rd quarter. Bank of America Corp DE now owns 65,441,181 shares of the company’s stock worth $5,126,662,000 after acquiring an additional 6,039,211 shares during the last quarter. Creative Planning grew its holdings in SPDR Portfolio S&P 500 ETF by 2.9% during the 3rd quarter. Creative Planning now owns 32,029,687 shares of the company’s stock worth $2,509,206,000 after acquiring an additional 889,363 shares during the last quarter. Nissay Asset Management Corp Japan boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 838.3% in the 3rd quarter. Nissay Asset Management Corp Japan now owns 9,989,832 shares of the company’s stock valued at $782,603,000 after purchasing an additional 8,925,132 shares during the last quarter. Clark Capital Management Group Inc. boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 1.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 7,671,286 shares of the company’s stock valued at $600,969,000 after purchasing an additional 89,694 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of SPDR Portfolio S&P 500 ETF by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,944,567 shares of the company’s stock valued at $465,697,000 after purchasing an additional 168,601 shares during the last quarter.
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.