Echo Wealth Management LLC Sells 6,616 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Echo Wealth Management LLC cut its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 10.5% in the third quarter, Holdings Channel.com reports. The firm owned 56,272 shares of the company’s stock after selling 6,616 shares during the period. SPDR Portfolio S&P 500 Growth ETF makes up approximately 3.3% of Echo Wealth Management LLC’s holdings, making the stock its 11th largest holding. Echo Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $4,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arkfeld Wealth Strategies L.L.C. grew its position in SPDR Portfolio S&P 500 Growth ETF by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,911 shares of the company’s stock worth $1,322,000 after buying an additional 145 shares in the last quarter. Cahaba Wealth Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 2.8% during the 2nd quarter. Cahaba Wealth Management Inc. now owns 5,487 shares of the company’s stock worth $440,000 after purchasing an additional 149 shares in the last quarter. JT Stratford LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 3.5% during the 1st quarter. JT Stratford LLC now owns 4,817 shares of the company’s stock worth $352,000 after purchasing an additional 162 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 5.8% during the second quarter. Key Client Fiduciary Advisors LLC now owns 2,974 shares of the company’s stock valued at $238,000 after purchasing an additional 163 shares during the period. Finally, Nvest Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 0.6% in the third quarter. Nvest Financial LLC now owns 30,413 shares of the company’s stock valued at $2,522,000 after purchasing an additional 177 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG opened at $84.48 on Monday. The company has a market capitalization of $29.00 billion, a P/E ratio of 27.22 and a beta of 1.14. The firm’s fifty day moving average price is $81.14 and its two-hundred day moving average price is $78.08. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $56.78 and a fifty-two week high of $84.91.

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).