Advisory Alpha LLC Buys 156,423 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Advisory Alpha LLC raised its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 4.6% in the 3rd quarter, Holdings Channel reports. The fund owned 3,538,081 shares of the company’s stock after purchasing an additional 156,423 shares during the period. SPDR Portfolio S&P 500 Growth ETF accounts for 10.4% of Advisory Alpha LLC’s holdings, making the stock its biggest holding. Advisory Alpha LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $371,954,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its position in SPDR Portfolio S&P 500 Growth ETF by 1.2% in the 2nd quarter. Allworth Financial LP now owns 11,348,851 shares of the company’s stock valued at $1,081,773,000 after acquiring an additional 131,104 shares during the period. Envestnet Asset Management Inc. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after acquiring an additional 754,395 shares during the period. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 9,853,254 shares of the company’s stock worth $938,988,000 after purchasing an additional 1,120,425 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 3.6% in the second quarter. JPMorgan Chase & Co. now owns 5,642,681 shares of the company’s stock worth $537,860,000 after purchasing an additional 198,401 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 9.2% during the third quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock valued at $479,781,000 after purchasing an additional 402,591 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Up 1.1%

Shares of SPYG opened at $103.87 on Thursday. The firm has a market capitalization of $44.30 billion, a PE ratio of 32.28 and a beta of 1.11. The firm has a 50-day moving average price of $105.97 and a 200 day moving average price of $104.98. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.65 and a 52-week 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.