Confluence Investment Management LLC Has $11.50 Million Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Confluence Investment Management LLC raised its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 13.7% in the second quarter, Holdings Channel reports. The fund owned 143,572 shares of the company’s stock after acquiring an additional 17,327 shares during the period. Confluence Investment Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $11,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 3.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 28,466 shares of the company’s stock worth $1,852,000 after buying an additional 826 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 116.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 176,939 shares of the company’s stock worth $11,512,000 after buying an additional 95,299 shares during the period. Wade G W & Inc. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 26.3% during the fourth quarter. Wade G W & Inc. now owns 16,341 shares of the company’s stock valued at $1,063,000 after purchasing an additional 3,400 shares during the last quarter. AMJ Financial Wealth Management acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the fourth quarter valued at approximately $921,000. Finally, Salem Investment Counselors Inc. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 2,446.7% during the first quarter. Salem Investment Counselors Inc. now owns 764 shares of the company’s stock valued at $56,000 after purchasing an additional 734 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

NYSEARCA SPYG traded down $1.60 during trading hours on Friday, hitting $75.91. 5,521,463 shares of the company traded hands, compared to its average volume of 2,441,036. The business’s 50-day moving average is $79.46 and its 200-day moving average is $74.27. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $56.78 and a twelve month high of $84.16. The stock has a market capitalization of $26.06 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14.

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).