NewEdge Advisors LLC Trims Stock Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

NewEdge Advisors LLC cut its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 8.5% in the second quarter, HoldingsChannel reports. The firm owned 384,104 shares of the company’s stock after selling 35,853 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $45,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Morgan Stanley grew its position in SPDR Portfolio S&P 500 Growth ETF by 95.9% during the 4th quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after purchasing an additional 7,939,766 shares during the period. Allworth Financial LP lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% in the 4th quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock valued at $1,321,474,000 after buying an additional 990,106 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock worth $615,481,000 after buying an additional 258,138 shares during the last quarter. Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.8% in the first quarter. Valmark Advisers Inc. now owns 4,884,338 shares of the company’s stock worth $478,226,000 after buying an additional 223,140 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 1.5% during the fourth quarter. Raymond James Financial Inc. now owns 4,030,332 shares of the company’s stock worth $430,036,000 after acquiring an additional 60,096 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Down 0.4%

SPDR Portfolio S&P 500 Growth ETF stock opened at $120.66 on Thursday. The business’s 50-day moving average price is $119.47 and its 200 day moving average price is $113.64. The firm has a market cap of $53.42 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $93.61 and a 52 week high of $124.04.

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.