Raymond James & Associates Buys 45,092 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Raymond James & Associates raised its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 7.2% during the first quarter, HoldingsChannel.com reports. The fund owned 674,708 shares of the company’s stock after purchasing an additional 45,092 shares during the quarter. Raymond James & Associates’ holdings in SPDR Portfolio S&P 500 Growth ETF were worth $49,355,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 1st quarter valued at about $26,000. Pineridge Advisors LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF during the fourth quarter valued at $31,000. Headinvest LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at $29,000. Headlands Technologies LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at about $32,000. Finally, EdgeRock Capital LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth about $34,000.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:SPYG traded up $1.36 during trading hours on Friday, hitting $72.25. 1,597,087 shares of the company’s stock traded hands, compared to its average volume of 2,158,557. The firm has a market capitalization of $24.80 billion, a P/E ratio of 27.22 and a beta of 1.14. The business has a fifty day moving average price of $71.97 and a 200-day moving average price of $67.13. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $54.73 and a 1 year high of $74.10.

SPDR Portfolio S&P 500 Growth ETF 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).