SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 52-Week High – Time to Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) hit a new 52-week high on Monday . The company traded as high as $117.63 and last traded at $117.60, with a volume of 270899 shares traded. The stock had previously closed at $117.56.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The business’s 50-day moving average price is $104.72 and its two-hundred day moving average price is $105.72. The company has a market capitalization of $52.15 billion, a P/E ratio of 32.28 and a beta of 1.17.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPYG. Morgan Stanley boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 95.9% during the fourth 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 in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth $469,042,000. Allworth Financial LP lifted its position in 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 acquiring an additional 990,106 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio S&P 500 Growth ETF by 7.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock valued at $1,147,764,000 after acquiring an additional 754,395 shares in the last quarter. Finally, Valpey Financial Services LLC lifted its position in SPDR Portfolio S&P 500 Growth ETF by 8,907.1% in the 4th quarter. Valpey Financial Services LLC now owns 689,133 shares of the company’s stock valued at $73,530,000 after acquiring an additional 681,482 shares in 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.