SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Sets New 52-Week High – Should You Buy?

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $67.67 and last traded at $67.64, with a volume of 1049186 shares. The stock had previously closed at $67.40.

SPDR Portfolio S&P 500 ETF Price Performance

The stock has a market capitalization of $39.52 billion, a P/E ratio of 26.64 and a beta of 1.00. The stock’s fifty day moving average is $65.34 and its two-hundred day moving average is $63.43.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 ETF

A number of hedge funds have recently modified their holdings of the stock. Westwind Capital purchased a new position in SPDR Portfolio S&P 500 ETF in the 2nd quarter worth about $26,000. Evensky & Katz LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the first quarter valued at about $27,000. Harbor Investment Advisory LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 76.6% during the first quarter. Harbor Investment Advisory LLC now owns 641 shares of the company’s stock valued at $39,000 after buying an additional 278 shares in the last quarter. ESL Trust Services LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the first quarter valued at about $40,000. Finally, ORG Partners LLC purchased a new stake in SPDR Portfolio S&P 500 ETF during the second quarter valued at about $41,000.

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.