Westwood Wealth Management Makes New $4.65 Million Investment in SPDR Portfolio S&P 500 Growth ETF $SPYG

Westwood Wealth Management bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the fourth quarter, HoldingsChannel reports. The firm bought 43,544 shares of the company’s stock, valued at approximately $4,646,000. SPDR Portfolio S&P 500 Growth ETF makes up approximately 3.5% of Westwood Wealth Management’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds have also modified their holdings of SPYG. Allworth Financial LP grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 0.4% during the third quarter. Allworth Financial LP now owns 11,394,840 shares of the company’s stock worth $1,190,875,000 after acquiring an additional 45,989 shares during the period. Envestnet Asset Management Inc. raised its position in SPDR Portfolio S&P 500 Growth ETF by 7.4% in the third quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after acquiring an additional 754,395 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock valued at $1,036,342,000 after acquiring an additional 61,348 shares during the period. HB Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 9.2% in the third quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock valued at $479,781,000 after acquiring an additional 402,591 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.2% during the 3rd quarter. Valmark Advisers Inc. now owns 4,645,016 shares of the company’s stock worth $485,451,000 after purchasing an additional 52,840 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Down 2.9%

NYSEARCA:SPYG opened at $96.85 on Friday. The firm’s fifty day simple moving average is $104.01 and its 200-day simple moving average is $105.15. The stock has a market cap of $41.31 billion, a PE ratio of 32.28 and a beta of 1.11. 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.

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.