Sovereign Financial Group Inc. Cuts Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Sovereign Financial Group Inc. trimmed its position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,201 shares of the company’s stock after selling 266 shares during the period. Sovereign Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPYG. Capital Investment Advisory Services LLC boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 3.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 28,466 shares of the company’s stock valued at $1,852,000 after acquiring an additional 826 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 116.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 176,939 shares of the company’s stock worth $11,512,000 after buying an additional 95,299 shares during the period. Burney Co. grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 9.1% during the third quarter. Burney Co. now owns 33,875 shares of the company’s stock worth $2,008,000 after buying an additional 2,826 shares during the last quarter. FFT Wealth Management LLC increased its position in SPDR Portfolio S&P 500 Growth ETF by 0.3% in the 3rd quarter. FFT Wealth Management LLC now owns 539,957 shares of the company’s stock valued at $32,009,000 after acquiring an additional 1,575 shares during the period. Finally, Fernwood Investment Management LLC lifted its position in SPDR Portfolio S&P 500 Growth ETF by 7.7% during the 4th quarter. Fernwood Investment Management LLC now owns 28,307 shares of the company’s stock worth $1,842,000 after acquiring an additional 2,018 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:SPYG traded down $0.05 during trading on Wednesday, reaching $73.15. The company had a trading volume of 1,585,141 shares, compared to its average volume of 2,195,795. The stock’s fifty day moving average price is $72.05 and its 200 day moving average price is $67.37. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $55.66 and a fifty-two week high of $74.10. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14.

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).