Accredited Investors Inc. Invests $850,000 in SPDR Portfolio S&P 500 Growth ETF $SPYG

Accredited Investors Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,680 shares of the company’s stock, valued at approximately $850,000.

A number of other institutional investors have also added to or reduced their stakes in SPYG. Morgan Stanley raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 95.9% during the 4th 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 period. Allworth Financial LP boosted its stake 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 acquiring an additional 990,106 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock valued at $1,036,342,000 after acquiring an additional 61,348 shares during the period. JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.7% during the 4th quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock valued at $615,481,000 after acquiring an additional 258,138 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 1.0% during the 4th quarter. Horizon Investments LLC now owns 5,389,258 shares of the company’s stock worth $575,034,000 after purchasing an additional 52,598 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.2%

NYSEARCA:SPYG opened at $119.28 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $93.61 and a 12 month high of $122.92. The firm’s 50 day moving average is $117.86 and its 200 day moving average is $109.55. The stock has a market capitalization of $52.75 billion, a PE ratio of 32.28 and a beta of 1.17.

SPDR Portfolio S&P 500 Growth ETF Company Profile

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.