Shum Financial Group Inc. Invests $3.05 Million in SPDR Portfolio S&P 500 Growth ETF $SPYG

Shum Financial Group Inc. bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,203 shares of the company’s stock, valued at approximately $3,052,000. SPDR Portfolio S&P 500 Growth ETF comprises 2.3% of Shum Financial Group Inc.’s portfolio, making the stock its 13th biggest position.

Several other institutional investors also recently bought and sold shares of the stock. Clayton Financial Group LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the first quarter worth about $28,000. Quaker Wealth Management LLC boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 292.9% during the second quarter. Quaker Wealth Management LLC now owns 301 shares of the company’s stock valued at $29,000 after buying an additional 457 shares during the last quarter. Tompkins Financial Corp bought a new position in SPDR Portfolio S&P 500 Growth ETF during the second quarter valued at approximately $36,000. Finally, Pacifica Partners Inc. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 1,562.5% during the 2nd quarter. Pacifica Partners Inc. now owns 399 shares of the company’s stock valued at $38,000 after buying an additional 375 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPYG opened at $107.48 on Wednesday. The stock has a market capitalization of $45.17 billion, a price-to-earnings ratio of 32.28 and a beta of 1.11. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $68.65 and a 1 year high of $109.63. The business’s 50 day simple moving average is $106.47 and its 200-day simple moving average is $101.98.

SPDR Portfolio S&P 500 Growth ETF 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). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.