SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 1-Year High – What’s Next?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) shares reached a new 52-week high on Tuesday . The company traded as high as $85.27 and last traded at $85.25, with a volume of 1260157 shares changing hands. The stock had previously closed at $84.60.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The firm’s fifty day moving average is $81.92 and its two-hundred day moving average is $78.70. The firm has a market capitalization of $28.27 billion, a PE ratio of 27.22 and a beta of 1.14.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 7.2% during the second quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock valued at $2,407,804,000 after purchasing an additional 2,013,457 shares during the period. Allworth Financial LP raised its stake in SPDR Portfolio S&P 500 Growth ETF by 1.9% in the 3rd quarter. Allworth Financial LP now owns 13,177,373 shares of the company’s stock valued at $1,092,931,000 after acquiring an additional 249,829 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 125.1% in the second quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock worth $966,827,000 after purchasing an additional 6,706,045 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 2.4% in the third quarter. Valmark Advisers Inc. now owns 4,638,687 shares of the company’s stock valued at $384,733,000 after purchasing an additional 107,423 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 6.2% in the second quarter. HB Wealth Management LLC now owns 4,407,041 shares of the company’s stock valued at $342,273,000 after purchasing an additional 257,647 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Company Profile

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).