Global Assets Advisory LLC Buys New Stake in SPDR Portfolio S&P 500 Growth ETF $SPYG

Global Assets Advisory LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,865 shares of the company’s stock, valued at approximately $574,000.

A number of other hedge funds have also made changes to their positions in SPYG. Morgan Stanley lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 95.9% during the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after purchasing an additional 7,939,766 shares during the last quarter. Allworth Financial LP boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 8.7% in the fourth quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock valued at $1,321,474,000 after purchasing an additional 990,106 shares in the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock valued at $1,036,342,000 after purchasing an additional 61,348 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock valued at $615,481,000 after purchasing an additional 258,138 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in SPDR Portfolio S&P 500 Growth ETF by 1.0% in the fourth quarter. Horizon Investments LLC now owns 5,389,258 shares of the company’s stock valued at $575,034,000 after purchasing an additional 52,598 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPYG stock traded up $0.72 during midday trading on Friday, reaching $120.00. 1,610,089 shares of the company were exchanged, compared to its average volume of 4,502,777. The company has a market cap of $53.09 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $93.61 and a 1-year high of $122.92. The stock’s 50-day simple moving average is $118.03 and its 200 day simple moving average is $109.62.

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.