SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 1-Year High – Here’s What Happened

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s stock price hit a new 52-week high on Friday. The stock traded as high as $125.09 and last traded at $124.9940, with a volume of 79646 shares. The stock had previously closed at $123.39.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.3%

The firm’s fifty day moving average price is $120.76 and its 200-day moving average price is $115.72. The firm has a market cap of $57.38 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 10.5% during the second quarter. Envestnet Asset Management Inc. now owns 9,489,431 shares of the company’s stock worth $1,129,147,000 after purchasing an additional 903,774 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 4.7% in the 4th quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock valued at $615,481,000 after purchasing an additional 258,138 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.8% in the 1st quarter. Valmark Advisers Inc. now owns 4,884,338 shares of the company’s stock valued at $478,226,000 after purchasing an additional 223,140 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 2nd quarter valued at about $375,859,000. Finally, NorthRock Partners LLC grew its stake in SPDR Portfolio S&P 500 Growth ETF by 6.0% during the 2nd quarter. NorthRock Partners LLC now owns 2,326,724 shares of the company’s stock worth $276,857,000 after buying an additional 132,109 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Company 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). 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.