Gladstone Institutional Advisory LLC Increases Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Gladstone Institutional Advisory LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 329.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,696 shares of the company’s stock after buying an additional 173,920 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises about 0.9% of Gladstone Institutional Advisory LLC’s portfolio, making the stock its 19th biggest holding. Gladstone Institutional Advisory LLC owned approximately 0.07% of SPDR Portfolio S&P 500 Growth ETF worth $18,802,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock valued at $2,407,804,000 after acquiring an additional 2,013,457 shares during the last quarter. Allworth Financial LP increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 1.9% in the third quarter. Allworth Financial LP now owns 13,177,373 shares of the company’s stock valued at $1,092,931,000 after purchasing an additional 249,829 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio S&P 500 Growth ETF by 125.1% during the second quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock worth $966,827,000 after buying an additional 6,706,045 shares in the last quarter. Valmark Advisers Inc. boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 2.4% during the third quarter. Valmark Advisers Inc. now owns 4,638,687 shares of the company’s stock worth $384,733,000 after buying an additional 107,423 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 6.2% in the 2nd quarter. HB Wealth Management LLC now owns 4,407,041 shares of the company’s stock valued at $342,273,000 after buying an additional 257,647 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA SPYG traded up $1.06 during trading on Friday, hitting $83.43. 645,996 shares of the company were exchanged, compared to its average volume of 2,276,605. The company has a fifty day moving average price of $81.96 and a 200-day moving average price of $78.73. The firm has a market capitalization of $28.64 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $59.07 and a 12-month high of $85.46.

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).