PFG Private Wealth Management LLC Cuts Stake in SPDR Portfolio S&P 500 Growth ETF $SPYG

PFG Private Wealth Management LLC lessened its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 89.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,802 shares of the company’s stock after selling 218,660 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for 1.3% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. PFG Private Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $2,801,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 1.2% in the 2nd quarter. Allworth Financial LP now owns 11,348,851 shares of the company’s stock worth $1,081,773,000 after acquiring an additional 131,104 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.4% during the third quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after purchasing an additional 754,395 shares during the period. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 9,853,254 shares of the company’s stock worth $938,988,000 after purchasing an additional 1,120,425 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,642,681 shares of the company’s stock valued at $537,860,000 after purchasing an additional 198,401 shares during the period. Finally, HB Wealth Management LLC raised its position in SPDR Portfolio S&P 500 Growth ETF by 9.2% during the 3rd quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock valued at $479,781,000 after purchasing an additional 402,591 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPDR Portfolio S&P 500 Growth ETF stock opened at $105.30 on Thursday. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $68.65 and a fifty-two week high of $109.63. The stock’s 50 day simple moving average is $106.85 and its two-hundred day simple moving average is $104.47. The stock has a market cap of $44.91 billion, a price-to-earnings ratio of 32.28 and a beta of 1.11.

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.