The Manufacturers Life Insurance Company Invests $375.86 Million in SPDR Portfolio S&P 500 Growth ETF $SPYG

The Manufacturers Life Insurance Company bought a new stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,158,745 shares of the company’s stock, valued at approximately $375,859,000.

Other institutional investors and hedge funds have also modified their holdings of the company. United Financial Planning Group LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 583.8% in the fourth quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $27,000 after buying an additional 216 shares in the last quarter. Financial Life Planners bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the first quarter valued at about $27,000. New Millennium Group LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $29,000. Finally, Indiana Trust & Investment Management Co acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth about $27,000.

SPDR Portfolio S&P 500 Growth ETF Stock Down 0.8%

Shares of NYSEARCA:SPYG opened at $119.64 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $93.61 and a 12 month high of $124.04. The company’s 50-day moving average price is $119.52 and its two-hundred day moving average price is $113.75. The firm has a market cap of $52.96 billion, a P/E ratio of 32.28 and a beta of 1.17.

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). 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.