SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Sees Strong Trading Volume – Should You Buy?

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) saw unusually-strong trading volume on Wednesday . Approximately 9,011,906 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 7,152,157 shares.The stock last traded at $66.01 and had previously closed at $65.99.

SPDR Portfolio S&P 500 ETF Stock Up 0.7 %

The stock has a 50-day moving average price of $69.09 and a 200 day moving average price of $69.08. The firm has a market capitalization of $59.97 billion, a price-to-earnings ratio of 24.63 and a beta of 1.01.

SPDR Portfolio S&P 500 ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were issued a dividend of $0.2174 per share. The ex-dividend date of this dividend was Friday, March 28th.

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

Large investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in SPDR Portfolio S&P 500 ETF by 10.4% during the 4th quarter. LPL Financial LLC now owns 39,316,849 shares of the company’s stock worth $2,710,503,000 after acquiring an additional 3,697,646 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of SPDR Portfolio S&P 500 ETF by 14,332.4% in the 4th quarter. Jones Financial Companies Lllp now owns 15,584,437 shares of the company’s stock valued at $1,074,391,000 after purchasing an additional 15,476,455 shares during the last quarter. Invesco Ltd. boosted its position in shares of SPDR Portfolio S&P 500 ETF by 17.0% in the 4th quarter. Invesco Ltd. now owns 15,463,978 shares of the company’s stock valued at $1,066,087,000 after purchasing an additional 2,250,006 shares during the period. Envestnet Asset Management Inc. grew its stake in SPDR Portfolio S&P 500 ETF by 14.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,924,595 shares of the company’s stock worth $891,022,000 after buying an additional 1,635,377 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its stake in SPDR Portfolio S&P 500 ETF by 18.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 9,052,600 shares of the company’s stock worth $624,086,000 after buying an additional 1,410,000 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.