Meritage Portfolio Management Trims Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Meritage Portfolio Management reduced its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,371 shares of the company’s stock after selling 4,001 shares during the period. Meritage Portfolio Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $7,376,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Compass Financial Group Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 1.1% during the fourth quarter. Compass Financial Group Inc. now owns 88,184 shares of the company’s stock valued at $5,737,000 after purchasing an additional 952 shares in the last quarter. Bailard Inc. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 6.3% in the fourth quarter. Bailard Inc. now owns 3,916 shares of the company’s stock worth $255,000 after acquiring an additional 233 shares during the period. BIP Wealth LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 5.0% in the 4th quarter. BIP Wealth LLC now owns 28,373 shares of the company’s stock worth $1,846,000 after purchasing an additional 1,349 shares during the period. New England Capital Financial Advisors LLC increased its position in SPDR Portfolio S&P 500 Growth ETF by 1.7% during the fourth quarter. New England Capital Financial Advisors LLC now owns 159,628 shares of the company’s stock valued at $10,385,000 after acquiring an additional 2,627 shares during the last quarter. Finally, Millington Financial Advisors LLC grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 3.8% during the 4th quarter. Millington Financial Advisors LLC now owns 179,461 shares of the company’s stock valued at $11,676,000 after purchasing an additional 6,551 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.9 %

NYSEARCA SPYG traded up $1.36 during trading hours on Friday, hitting $71.53. 1,143,982 shares of the company’s stock traded hands, compared to its average volume of 2,176,622. The business’s fifty day moving average price is $71.89 and its two-hundred day moving average price is $66.65. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $54.73 and a 52 week high of $74.10. The firm has a market capitalization of $24.39 billion, a P/E ratio of 27.72 and a beta of 1.10.

About SPDR Portfolio S&P 500 Growth ETF

SPDR S&P 500 Growth ETF (the Fund), formerly SPDR Dow Jones Large Cap Growth ETF, focuses to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The SPDR S&P 500 Growth ETF matches the returns and characteristics of the S&P 500 Growth Index (the Index).