Independent Financial Group LLC Takes $18.32 Million Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

Independent Financial Group LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 187,165 shares of the company’s stock, valued at approximately $18,325,000. SPDR Portfolio S&P 500 Growth ETF accounts for about 0.5% of Independent Financial Group LLC’s holdings, making the stock its 24th biggest position.

Other large investors also recently modified their holdings of the company. Morgan Stanley grew its position in SPDR Portfolio S&P 500 Growth ETF by 95.9% in the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock valued at $1,730,624,000 after acquiring an additional 7,939,766 shares during the period. Allworth Financial LP increased its position in SPDR Portfolio S&P 500 Growth ETF by 8.7% in the 4th quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock valued at $1,321,474,000 after acquiring an additional 990,106 shares in the last quarter. Valpey Financial Services LLC raised its position in SPDR Portfolio S&P 500 Growth ETF by 8,907.1% in 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 last quarter. Stifel Financial Corp raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 63.8% during the fourth quarter. Stifel Financial Corp now owns 1,729,269 shares of the company’s stock worth $184,514,000 after acquiring an additional 673,790 shares during the last quarter. Finally, Benjamin Edwards Inc. raised 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 last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA SPYG opened at $117.98 on Friday. The company’s 50 day simple moving average is $118.37 and its 200 day simple moving average is $109.94. The firm has a market capitalization of $52.21 billion, a P/E ratio of 32.28 and a beta of 1.17. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $93.61 and a fifty-two week high of $122.92.

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.