CIBC Bancorp USA Inc. Invests $62.89 Million in SPDR Portfolio S&P 500 Growth ETF $SPYG

CIBC Bancorp USA Inc. acquired a new stake in 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 & Exchange Commission. The fund acquired 601,771 shares of the company’s stock, valued at approximately $62,891,000.

Several other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after buying an additional 754,395 shares in the last quarter. Ameriprise Financial Inc. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock valued at $1,036,342,000 after buying an additional 61,348 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 3.6% in the second quarter. JPMorgan Chase & Co. now owns 5,642,681 shares of the company’s stock worth $537,860,000 after acquiring an additional 198,401 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 9.2% in the third quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock worth $479,781,000 after acquiring an additional 402,591 shares in the last quarter. Finally, Valmark Advisers Inc. increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.2% during the third quarter. Valmark Advisers Inc. now owns 4,645,016 shares of the company’s stock worth $485,451,000 after acquiring an additional 52,840 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.2%

Shares of NYSEARCA SPYG opened at $102.57 on Wednesday. The stock has a market cap of $43.75 billion, a P/E ratio of 32.28 and a beta of 1.11. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $68.65 and a 12-month high of $109.63. The business’s fifty day simple moving average is $105.15 and its 200-day simple moving average is $105.23.

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). 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.