LPL Financial LLC boosted its stake in shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG – Free Report) by 22.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,679,506 shares of the company’s stock after purchasing an additional 858,073 shares during the period. LPL Financial LLC owned about 12.43% of SPDR S&P 600 Small Cap Growth ETF worth $440,763,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. purchased a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at approximately $30,000. LTG Capital LLC grew its position in SPDR S&P 600 Small Cap Growth ETF by 4.3% during the fourth quarter. LTG Capital LLC now owns 13,393 shares of the company’s stock valued at $1,261,000 after purchasing an additional 558 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in SPDR S&P 600 Small Cap Growth ETF by 1.3% during the fourth quarter. Prestige Wealth Management Group LLC now owns 34,340 shares of the company’s stock valued at $3,234,000 after purchasing an additional 442 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in SPDR S&P 600 Small Cap Growth ETF by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 49,222 shares of the company’s stock valued at $4,388,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Convergence Financial LLC grew its position in SPDR S&P 600 Small Cap Growth ETF by 0.3% during the fourth quarter. Convergence Financial LLC now owns 200,153 shares of the company’s stock valued at $18,852,000 after purchasing an additional 534 shares in the last quarter.
SPDR S&P 600 Small Cap Growth ETF Stock Performance
Shares of SLYG opened at $108.50 on Tuesday. The company’s 50 day moving average price is $105.44 and its 200 day moving average price is $100.61. SPDR S&P 600 Small Cap Growth ETF has a 52 week low of $85.20 and a 52 week high of $110.56. The company has a market capitalization of $4.69 billion, a PE ratio of 20.14 and a beta of 1.06.
About SPDR S&P 600 Small Cap Growth ETF
SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.
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