Diversify Wealth Management LLC Purchases New Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Diversify Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 251,188 shares of the company’s stock, valued at approximately $18,432,000. SPDR Portfolio S&P 500 Growth ETF comprises about 2.1% of Diversify Wealth Management LLC’s portfolio, making the stock its 6th largest position.

A number of other hedge funds have also recently modified their holdings of SPYG. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 125.1% during the second quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock valued at $966,827,000 after acquiring an additional 6,706,045 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter valued at $262,606,000. LPL Financial LLC raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock worth $2,407,804,000 after purchasing an additional 2,013,457 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 282.8% in the 1st quarter. Cetera Investment Advisers now owns 2,192,642 shares of the company’s stock worth $160,392,000 after purchasing an additional 1,619,888 shares during the period. Finally, Savant Capital LLC boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 117.6% during the 2nd quarter. Savant Capital LLC now owns 2,512,342 shares of the company’s stock valued at $201,314,000 after purchasing an additional 1,357,615 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA SPYG opened at $80.86 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $56.78 and a 1 year high of $84.16. The company’s 50-day moving average is $79.35 and its 200 day moving average is $76.27. The stock has a market capitalization of $27.76 billion, a P/E ratio of 27.22 and a beta of 1.14.

About SPDR Portfolio S&P 500 Growth ETF

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).