SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Hits New 52-Week High – Time to Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $84.74 and last traded at $84.74, with a volume of 200277 shares traded. The stock had previously closed at $83.90.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.9 %

The company’s 50-day moving average price is $80.19 and its two-hundred day moving average price is $77.69. The company has a market cap of $29.07 billion, a P/E ratio of 27.22 and a beta of 1.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPYG. Envestnet Asset Management Inc. raised its holdings 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 purchasing an additional 6,706,045 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the 1st quarter worth approximately $262,606,000. LPL Financial LLC grew its stake in SPDR Portfolio S&P 500 Growth ETF by 7.2% in the second quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock valued at $2,407,804,000 after purchasing an additional 2,013,457 shares in the last quarter. Cetera Investment Advisers increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 282.8% in the first quarter. Cetera Investment Advisers now owns 2,192,642 shares of the company’s stock worth $160,392,000 after buying an additional 1,619,888 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 117.6% in the 2nd quarter. Savant Capital LLC now owns 2,512,342 shares of the company’s stock valued at $201,314,000 after purchasing an additional 1,357,615 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).