Traders Purchase High Volume of SPDR Portfolio S&P 500 ETF Put Options (NYSEARCA:SPLG)

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 7,390 put options on the stock. This is an increase of approximately 818% compared to the average daily volume of 805 put options.

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

Several hedge funds have recently made changes to their positions in SPLG. Advance Capital Management Inc. increased its position in SPDR Portfolio S&P 500 ETF by 121.0% during the first quarter. Advance Capital Management Inc. now owns 13,167,766 shares of the company’s stock worth $810,213,000 after buying an additional 7,210,793 shares during the last quarter. Sumitomo Life Insurance Co. bought a new position in shares of SPDR Portfolio S&P 500 ETF in the 2nd quarter valued at $308,840,000. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 94.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,405,094 shares of the company’s stock worth $469,845,000 after buying an additional 4,080,428 shares in the last quarter. Advocacy Wealth Management Services LLC grew its holdings in shares of SPDR Portfolio S&P 500 ETF by 168.5% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 5,324,315 shares of the company’s stock valued at $327,605,000 after purchasing an additional 3,341,587 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 8.0% during the second quarter. LPL Financial LLC now owns 32,127,760 shares of the company’s stock worth $2,056,177,000 after buying an additional 2,389,144 shares during the last quarter.

SPDR Portfolio S&P 500 ETF Price Performance

NYSEARCA:SPLG opened at $64.79 on Thursday. SPDR Portfolio S&P 500 ETF has a fifty-two week low of $48.13 and a fifty-two week high of $66.47. The business’s 50-day simple moving average is $64.62 and its 200-day simple moving average is $62.34. The stock has a market capitalization of $37.78 billion, a PE ratio of 26.64 and a beta of 1.00.

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.