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

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) shares saw unusually-high trading volume on Wednesday . Approximately 12,675,348 shares changed hands during trading, an increase of 84% from the previous session’s volume of 6,875,141 shares.The stock last traded at $66.33 and had previously closed at $66.01.

SPDR Portfolio S&P 500 ETF Price Performance

The firm has a fifty day simple moving average of $69.55 and a 200-day simple moving average of $68.93. The firm has a market cap of $55.85 billion, a P/E ratio of 24.69 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPLG. Swmg LLC lifted its stake in SPDR Portfolio S&P 500 ETF by 0.3% during the 4th quarter. Swmg LLC now owns 49,271 shares of the company’s stock valued at $3,515,000 after acquiring an additional 144 shares in the last quarter. Integrity Wealth Solutions LLC raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 0.5% in the fourth quarter. Integrity Wealth Solutions LLC now owns 28,653 shares of the company’s stock valued at $1,975,000 after purchasing an additional 145 shares during the last quarter. Key Financial Inc raised its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.6% in the fourth quarter. Key Financial Inc now owns 9,410 shares of the company’s stock valued at $649,000 after purchasing an additional 146 shares during the last quarter. Invst LLC lifted its position in shares of SPDR Portfolio S&P 500 ETF by 1.2% during the fourth quarter. Invst LLC now owns 12,336 shares of the company’s stock valued at $850,000 after purchasing an additional 146 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its holdings in SPDR Portfolio S&P 500 ETF by 3.3% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 4,671 shares of the company’s stock worth $322,000 after purchasing an additional 148 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.