Stegent Equity Advisors Inc. Sells 20,962 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Stegent Equity Advisors Inc. decreased its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 38.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,464 shares of the company’s stock after selling 20,962 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises about 3.1% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 8th biggest position. Stegent Equity Advisors Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $2,776,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Alta Wealth Advisors LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 5.9% during the 3rd quarter. Alta Wealth Advisors LLC now owns 280,505 shares of the company’s stock worth $23,265,000 after purchasing an additional 15,635 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 9.9% during the third quarter. Key Client Fiduciary Advisors LLC now owns 3,268 shares of the company’s stock worth $271,000 after buying an additional 294 shares during the period. Raymond James & Associates grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 1.4% during the third quarter. Raymond James & Associates now owns 716,405 shares of the company’s stock valued at $59,419,000 after buying an additional 9,850 shares during the last quarter. Blue Trust Inc. increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 99.1% in the 3rd quarter. Blue Trust Inc. now owns 663 shares of the company’s stock valued at $53,000 after acquiring an additional 330 shares during the period. Finally, Sage Financial Management Group Inc. raised its stake in SPDR Portfolio S&P 500 Growth ETF by 4.3% in the 3rd quarter. Sage Financial Management Group Inc. now owns 132,723 shares of the company’s stock worth $11,008,000 after acquiring an additional 5,427 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG traded up $0.46 on Friday, reaching $84.48. 1,067,389 shares of the stock were exchanged, compared to its average volume of 2,255,160. The company’s 50-day moving average price is $81.14 and its 200 day moving average price is $78.05. The firm has a market capitalization of $29.00 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $56.78 and a fifty-two week high of $84.91.

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).