Wedmont Private Capital Buys New Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Wedmont Private Capital purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the second quarter, HoldingsChannel reports. The fund purchased 4,717 shares of the company’s stock, valued at approximately $391,000.

Several other institutional investors have also bought and sold shares of SPYG. Allworth Financial LP increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 2.5% during the 1st quarter. Allworth Financial LP now owns 12,757,730 shares of the company’s stock valued at $933,228,000 after purchasing an additional 310,361 shares during the last quarter. Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 0.7% during the 4th quarter. Valmark Advisers Inc. now owns 4,900,227 shares of the company’s stock worth $318,809,000 after purchasing an additional 36,180 shares during the period. HB Wealth Management LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 6.1% during the 1st quarter. HB Wealth Management LLC now owns 4,149,394 shares of the company’s stock valued at $294,732,000 after purchasing an additional 238,356 shares during the last quarter. UBS Group AG raised its position in SPDR Portfolio S&P 500 Growth ETF by 6.4% in the 4th quarter. UBS Group AG now owns 3,644,808 shares of the company’s stock worth $237,131,000 after purchasing an additional 217,894 shares during the period. Finally, Dynasty Wealth Management LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the first quarter worth about $262,606,000.

SPDR Portfolio S&P 500 Growth ETF Trading Up 2.3 %

Shares of SPYG stock traded up $1.76 on Tuesday, reaching $78.31. 1,819,030 shares of the company’s stock were exchanged, compared to its average volume of 2,463,486. The company’s fifty day simple moving average is $79.38 and its 200 day simple moving average is $74.65. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $56.78 and a 52 week high of $84.16. The stock has a market capitalization of $26.88 billion, a PE ratio of 27.22 and a beta of 1.14.

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).