Petix & Botte Co Invests $5 Million in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Petix & Botte Co purchased a new stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,892 shares of the company’s stock, valued at approximately $5,001,000. SPDR Portfolio S&P 500 Growth ETF makes up about 1.3% of Petix & Botte Co’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.5% in the third 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. Kestra Investment Management LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter worth about $105,920,000. Cannon Financial Strategists Inc. purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter valued at about $66,890,000. Flagship Harbor Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at about $56,722,000. Finally, Orgel Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 19.7% in the fourth quarter. Orgel Wealth Management LLC now owns 3,309,979 shares of the company’s stock worth $290,947,000 after purchasing an additional 544,211 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG opened at $92.02 on Monday. The company has a market capitalization of $31.59 billion, a PE ratio of 27.22 and a beta of 1.14. The company’s 50 day moving average price is $88.92 and its 200 day moving average price is $84.05. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $66.89 and a 52 week high of $92.76.

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).