Rialto Wealth Management LLC Invests $1.67 Million in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Rialto Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 19,011 shares of the company’s stock, valued at approximately $1,671,000.

Several other hedge funds also recently added to or reduced their stakes in SPYG. BankPlus Trust Department purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth approximately $36,000. Valued Wealth Advisors LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at $41,000. Costello Asset Management INC grew its position in SPDR Portfolio S&P 500 Growth ETF by 58.0% in the 3rd quarter. Costello Asset Management INC now owns 545 shares of the company’s stock valued at $45,000 after acquiring an additional 200 shares during the last quarter. Finally, Urban Financial Advisory Corp purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the third quarter worth $45,000.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.4 %

NYSEARCA:SPYG opened at $83.63 on Friday. The company has a market cap of $32.98 billion, a price-to-earnings ratio of 32.27 and a beta of 1.07. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $68.48 and a twelve month high of $92.76. The stock has a fifty day simple moving average of $89.30 and a 200-day simple moving average of $86.20.

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).