Avestar Capital LLC Decreases Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Avestar Capital LLC decreased its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 7.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 153,941 shares of the company’s stock after selling 11,577 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 1.3% of Avestar Capital LLC’s investment portfolio, making the stock its 14th largest holding. Avestar Capital LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $12,768,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 5.3% in the third quarter. Raleigh Capital Management Inc. now owns 2,422 shares of the company’s stock worth $201,000 after buying an additional 122 shares during the period. CENTRAL TRUST Co boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,227 shares of the company’s stock worth $102,000 after acquiring an additional 134 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,911 shares of the company’s stock worth $1,322,000 after acquiring an additional 145 shares during the period. Cahaba Wealth Management Inc. grew its position in SPDR Portfolio S&P 500 Growth ETF by 2.8% in the second quarter. Cahaba Wealth Management Inc. now owns 5,487 shares of the company’s stock valued at $440,000 after acquiring an additional 149 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 1.2% during the third quarter. First Horizon Advisors Inc. now owns 12,961 shares of the company’s stock valued at $1,075,000 after purchasing an additional 149 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.1 %

NYSEARCA SPYG opened at $86.37 on Tuesday. The company’s fifty day simple moving average is $84.16 and its 200-day simple moving average is $80.61. The stock has a market cap of $29.65 billion, a P/E ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $62.33 and a 52 week high of $87.94.

SPDR Portfolio S&P 500 Growth ETF 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).