JDM Financial Group LLC Reduces Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

JDM Financial Group LLC trimmed its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 42.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,661 shares of the company’s stock after selling 34,552 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 2.1% of JDM Financial Group LLC’s holdings, making the stock its 12th biggest holding. JDM Financial Group LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $3,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPYG. LPL Financial LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 4.5% in the 3rd quarter. LPL Financial LLC now owns 31,403,162 shares of the company’s stock worth $2,604,578,000 after buying an additional 1,354,443 shares during the period. Allworth Financial LP raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 1.9% during the third quarter. Allworth Financial LP now owns 13,177,373 shares of the company’s stock valued at $1,092,931,000 after acquiring an additional 249,829 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 125.1% in the second quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock worth $966,827,000 after acquiring an additional 6,706,045 shares during the period. Valmark Advisers Inc. raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 2.4% in the 3rd quarter. Valmark Advisers Inc. now owns 4,638,687 shares of the company’s stock worth $384,733,000 after purchasing an additional 107,423 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 6.2% in the 2nd quarter. HB Wealth Management LLC now owns 4,407,041 shares of the company’s stock worth $342,273,000 after purchasing an additional 257,647 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPYG opened at $89.57 on Tuesday. The company has a 50-day simple moving average of $85.39 and a two-hundred day simple moving average of $81.57. The firm has a market capitalization of $30.74 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a one year low of $62.97 and a one year high of $90.19.

SPDR Portfolio S&P 500 Growth ETF Company 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).