Gerber Kawasaki Wealth & Investment Management Cuts Stock Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

Gerber Kawasaki Wealth & Investment Management lessened its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 91.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 136,524 shares of the company’s stock after selling 1,390,781 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $14,567,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPYG. Allworth Financial LP increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 8.7% during the 4th quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock worth $1,321,474,000 after purchasing an additional 990,106 shares during the period. Valpey Financial Services LLC increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 8,907.1% during the 4th quarter. Valpey Financial Services LLC now owns 689,133 shares of the company’s stock worth $73,530,000 after purchasing an additional 681,482 shares during the period. Benjamin Edwards Inc. increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 81.4% during the 4th quarter. Benjamin Edwards Inc. now owns 1,342,569 shares of the company’s stock worth $143,254,000 after purchasing an additional 602,485 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth about $62,891,000. Finally, Corient Private Wealth LLC increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 64.3% during the 2nd quarter. Corient Private Wealth LLC now owns 1,511,508 shares of the company’s stock worth $144,077,000 after purchasing an additional 591,474 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA SPYG opened at $116.90 on Friday. The stock’s 50-day moving average is $113.76 and its two-hundred day moving average is $108.03. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $90.21 and a 1-year high of $122.92. The company has a market cap of $51.51 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

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.