Stack Financial Management Inc Makes New Investment in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Stack Financial Management Inc purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,812 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BankPlus Trust Department purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at approximately $36,000. Valued Wealth Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth $41,000. Costello Asset Management INC lifted its position in SPDR Portfolio S&P 500 Growth ETF by 58.0% during the third quarter. Costello Asset Management INC now owns 545 shares of the company’s stock worth $45,000 after buying an additional 200 shares during the period. Finally, Urban Financial Advisory Corp acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter worth approximately $45,000.

SPDR Portfolio S&P 500 Growth ETF Stock Down 1.1 %

Shares of NYSEARCA SPYG opened at $88.64 on Tuesday. The firm has a fifty day moving average of $90.09 and a 200-day moving average of $85.76. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.48 and a 52-week high of $92.76. The stock has a market capitalization of $30.43 billion, a PE ratio of 27.22 and a beta of 1.14.

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).