SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 1-Year High – Should You Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) reached a new 52-week high during trading on Wednesday . The company traded as high as $91.85 and last traded at $91.72, with a volume of 5314 shares changing hands. The stock had previously closed at $90.81.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The stock has a market cap of $31.54 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. The firm has a 50 day simple moving average of $88.59 and a two-hundred day simple moving average of $83.86.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPYG. LPL Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.5% during the 3rd quarter. LPL Financial LLC now owns 31,403,162 shares of the company’s stock worth $2,604,578,000 after purchasing an additional 1,354,443 shares in the last quarter. Allworth Financial LP increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 1.9% during the 3rd quarter. Allworth Financial LP now owns 13,177,373 shares of the company’s stock worth $1,092,931,000 after purchasing an additional 249,829 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,161,827 shares of the company’s stock valued at $428,122,000 after purchasing an additional 122,184 shares during the last quarter. Valmark Advisers Inc. increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 2.4% during the 3rd quarter. Valmark Advisers Inc. now owns 4,638,687 shares of the company’s stock worth $384,733,000 after acquiring an additional 107,423 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 1.3% during the 4th quarter. HB Wealth Management LLC now owns 4,634,594 shares of the company’s stock worth $393,827,000 after buying an additional 58,372 shares during the last quarter.

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).