SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) Shares Cross Above 50 Day Moving Average – Here’s Why

SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $90.32 and traded as high as $90.7599. SPDR Portfolio S&P 500 ETF shares last traded at $90.60, with a volume of 11,011,695 shares trading hands.

SPDR Portfolio S&P 500 ETF Stock Performance

The firm has a 50 day simple moving average of $90.32 and a two-hundred day simple moving average of $85.61. The firm has a market capitalization of $107.82 billion, a P/E ratio of 25.61 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. The sectors in which the Fund invests include information technology, financials, consumer discretionary, health care, industrials, energy, consumer staples, materials, utilities and telecommunication services.