Convergence Financial LLC Acquires 116,717 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Convergence Financial LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 27.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,535 shares of the company’s stock after purchasing an additional 116,717 shares during the period. SPDR Portfolio S&P 500 Growth ETF makes up 8.5% of Convergence Financial LLC’s portfolio, making the stock its biggest position. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $56,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clear Creek Financial Management LLC lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 13.2% in the third quarter. Clear Creek Financial Management LLC now owns 265,615 shares of the company’s stock valued at $27,759,000 after buying an additional 31,040 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 3.6% during the third quarter. Avestar Capital LLC now owns 157,002 shares of the company’s stock worth $16,408,000 after acquiring an additional 5,429 shares during the period. Collaborative Wealth Managment Inc. lifted its position in SPDR Portfolio S&P 500 Growth ETF by 1.1% in the 3rd quarter. Collaborative Wealth Managment Inc. now owns 113,201 shares of the company’s stock valued at $11,831,000 after acquiring an additional 1,185 shares in the last quarter. Synergy Investment Management LLC boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 4.4% in the 3rd quarter. Synergy Investment Management LLC now owns 105,326 shares of the company’s stock worth $11,008,000 after purchasing an additional 4,486 shares during the period. Finally, NewEdge Wealth LLC increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 3.0% during the 3rd quarter. NewEdge Wealth LLC now owns 7,962 shares of the company’s stock worth $852,000 after purchasing an additional 229 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG opened at $104.89 on Friday. The company has a market capitalization of $44.74 billion, a price-to-earnings ratio of 32.28 and a beta of 1.11. The business’s 50-day moving average price is $106.33 and its two-hundred day moving average price is $104.68. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $68.65 and a 1 year high of $109.63.

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). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.