SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 52-Week High – Here’s Why

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $88.08 and last traded at $88.06, with a volume of 434546 shares trading hands. The stock had previously closed at $87.36.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The firm has a market capitalization of $30.36 billion, a P/E ratio of 27.22 and a beta of 1.14. The stock’s fifty day simple moving average is $84.83 and its 200 day simple moving average is $81.16.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 4.5% in the third 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 during the last quarter. Allworth Financial LP grew its stake in 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 buying an additional 249,829 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio S&P 500 Growth ETF by 125.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock valued at $966,827,000 after buying an additional 6,706,045 shares in the last quarter. Valmark Advisers Inc. increased its position in 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 valued at $384,733,000 after buying an additional 107,423 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in SPDR Portfolio S&P 500 Growth ETF by 6.2% in the second 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 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).