Founders Capital Management Has $7.52 Million Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Founders Capital Management lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,547 shares of the company’s stock after acquiring an additional 820 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises approximately 4.8% of Founders Capital Management’s holdings, making the stock its 5th largest position. Founders Capital Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $7,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPYG. LPL Financial LLC raised its stake in SPDR Portfolio S&P 500 Growth ETF by 4.5% during the 3rd quarter. LPL Financial LLC now owns 31,403,162 shares of the company’s stock valued at $2,604,578,000 after purchasing an additional 1,354,443 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF during the second quarter worth about $105,920,000. Cannon Financial Strategists Inc. acquired a new position in SPDR Portfolio S&P 500 Growth ETF in the 2nd quarter valued at approximately $66,890,000. Flagship Harbor Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth approximately $56,722,000. Finally, Benjamin Edwards Inc. increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 2,658.0% during the third quarter. Benjamin Edwards Inc. now owns 451,865 shares of the company’s stock valued at $37,478,000 after purchasing an additional 435,481 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG stock traded down $0.77 during mid-day trading on Monday, reaching $86.76. The company’s stock had a trading volume of 934,148 shares, compared to its average volume of 2,219,879. The firm’s 50-day moving average is $88.18 and its two-hundred day moving average is $83.49. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $64.63 and a 1-year high of $91.49. The company has a market cap of $29.78 billion, a P/E ratio of 27.22 and a beta of 1.14.

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).