Echo Wealth Management LLC decreased its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,703 shares of the company’s stock after selling 1,569 shares during the period. SPDR Portfolio S&P 500 Growth ETF comprises 3.3% of Echo Wealth Management LLC’s holdings, making the stock its 11th largest position. Echo Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPYG. Brown Brothers Harriman & Co. bought a new position in SPDR Portfolio S&P 500 Growth ETF during the third quarter worth about $36,000. Costello Asset Management INC grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 58.0% in the 3rd quarter. Costello Asset Management INC now owns 545 shares of the company’s stock valued at $45,000 after purchasing an additional 200 shares during the period. Urban Financial Advisory Corp bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth approximately $45,000. West Branch Capital LLC raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 916.1% during the 4th quarter. West Branch Capital LLC now owns 569 shares of the company’s stock worth $50,000 after buying an additional 513 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at approximately $52,000.
SPDR Portfolio S&P 500 Growth ETF Stock Down 0.4 %
Shares of SPYG stock opened at $92.02 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $66.89 and a 12-month high of $92.76. The firm has a fifty day moving average of $88.92 and a 200-day moving average of $84.04. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14.
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).
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Want to see what other hedge funds are holding SPYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report).
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