SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Hits New 12-Month High – Time to Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYGGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $124.11 and last traded at $124.1480, with a volume of 1945441 shares traded. The stock had previously closed at $121.47.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The stock has a market capitalization of $56.11 billion, a PE ratio of 32.28 and a beta of 1.17. The firm’s 50 day moving average is $119.94 and its two-hundred day moving average is $114.71.

Institutional Trading of SPDR Portfolio S&P 500 Growth ETF

A number of large investors have recently made changes to their positions in SPYG. The Manufacturers Life Insurance Company acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at $375,859,000. Tidal Investments LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 34.6% during the second quarter. Tidal Investments LLC now owns 15,635 shares of the company’s stock worth $1,860,000 after purchasing an additional 4,019 shares during the last quarter. IPG Investment Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF in the second quarter worth about $216,000. Capital Advantage Inc. bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at about $296,000. Finally, Concorde Asset Management LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 3.2% during the 2nd quarter. Concorde Asset Management LLC now owns 5,816 shares of the company’s stock worth $692,000 after buying an additional 182 shares during the last quarter.

About SPDR Portfolio S&P 500 Growth ETF

(Get Free Report)

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.

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