Merit Financial Group LLC Acquires 11,938 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Merit Financial Group LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 603,255 shares of the company’s stock after purchasing an additional 11,938 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises about 1.0% of Merit Financial Group LLC’s investment portfolio, making the stock its 24th biggest position. Merit Financial Group LLC owned approximately 0.18% of SPDR Portfolio S&P 500 Growth ETF worth $53,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Renaissance Technologies LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 138.7% in the second quarter. Renaissance Technologies LLC now owns 53,000 shares of the company’s stock worth $4,247,000 after buying an additional 30,800 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 5.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 106,501 shares of the company’s stock worth $8,534,000 after purchasing an additional 5,725 shares during the period. Blair William & Co. IL grew its position in SPDR Portfolio S&P 500 Growth ETF by 17.8% during the second quarter. Blair William & Co. IL now owns 33,054 shares of the company’s stock worth $2,649,000 after buying an additional 4,993 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in SPDR Portfolio S&P 500 Growth ETF during the second quarter worth about $82,000. Finally, GM Advisory Group LLC increased its stake in SPDR Portfolio S&P 500 Growth ETF by 118.0% during the second quarter. GM Advisory Group LLC now owns 92,343 shares of the company’s stock valued at $7,399,000 after acquiring an additional 49,992 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG stock opened at $89.89 on Friday. The stock has a market cap of $30.85 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $65.51 and a 52-week high of $91.49. The firm has a fifty day moving average of $88.47 and a 200-day moving average of $83.73.

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).