Valmark Advisers Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,884,338 shares of the company’s stock after purchasing an additional 223,140 shares during the period. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 5.7% of Valmark Advisers Inc.’s investment portfolio, making the stock its 3rd biggest holding. Valmark Advisers Inc. owned about 1.11% of SPDR Portfolio S&P 500 Growth ETF worth $478,226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. United Financial Planning Group LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. raised its stake in SPDR Portfolio S&P 500 Growth ETF by 583.8% in the fourth quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $27,000 after buying an additional 216 shares during the last quarter. Financial Life Planners acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the first quarter worth about $27,000. Indiana Trust & Investment Management Co acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the first quarter worth about $27,000. Finally, New Millennium Group LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter worth about $29,000.
SPDR Portfolio S&P 500 Growth ETF Stock Up 0.6%
Shares of SPYG traded up $0.72 during mid-day trading on Friday, hitting $120.00. 1,610,089 shares of the company traded hands, compared to its average volume of 4,502,777. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $93.61 and a 1-year high of $122.92. The company has a market capitalization of $53.09 billion, a PE ratio of 32.28 and a beta of 1.17. The business has a 50 day moving average of $118.03 and a 200 day moving average of $109.62.
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). 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.
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