SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Reaches New 1-Year High – Here’s What Happened

Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) hit a new 52-week high during trading on Tuesday . The company traded as high as $85.10 and last traded at $84.88, with a volume of 1280888 shares trading hands. The stock had previously closed at $84.82.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. The business’s 50-day moving average is $81.54 and its two-hundred day moving average is $78.29.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

Several institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock valued at $2,407,804,000 after purchasing an additional 2,013,457 shares during the period. Allworth Financial LP lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.9% in the third quarter. Allworth Financial LP now owns 13,177,373 shares of the company’s stock valued at $1,092,931,000 after buying an additional 249,829 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 125.1% during the 2nd 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. HB Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 6.2% during the 2nd quarter. HB Wealth Management LLC now owns 4,407,041 shares of the company’s stock worth $342,273,000 after acquiring an additional 257,647 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter valued at $262,606,000.

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).