SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Hits New 52-Week High – Here’s Why

Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) hit a new 52-week high on Monday . The stock 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 Stock Performance

The company has a 50 day moving average of $105.50 and a two-hundred day moving average of $105.99. The stock has a market capitalization of $51.79 billion, a PE ratio of 32.28 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPYG. Optiver Holding B.V. purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth $25,000. United Financial Planning Group LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth $25,000. Financial Life Planners purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth $26,000. Hantz Financial Services Inc. grew its stake in SPDR Portfolio S&P 500 Growth ETF by 583.8% during the 4th quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $27,000 after buying an additional 216 shares during the last quarter. Finally, Indiana Trust & Investment Management Co purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth $27,000.

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.