Echo Wealth Management LLC Sells 13,080 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Echo Wealth Management LLC trimmed its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 23.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,209 shares of the company’s stock after selling 13,080 shares during the period. SPDR Portfolio S&P 500 Growth ETF makes up 2.4% of Echo Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Echo Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $4,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Optiver Holding B.V. bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter worth $25,000. United Financial Planning Group LLC bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at $25,000. Financial Life Planners bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 583.8% during the 4th quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $27,000 after purchasing an additional 216 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $29,000.

SPDR Portfolio S&P 500 Growth ETF Stock Down 0.7%

Shares of NYSEARCA SPYG opened at $114.71 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $93.61 and a 52 week high of $122.92. The business has a 50-day simple moving average of $116.61 and a two-hundred day simple moving average of $108.79. The company has a market cap of $50.55 billion, a P/E ratio of 32.28 and a beta of 1.17.

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.