SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Hits New 12-Month High – Should You Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $120.59 and last traded at $120.25, with a volume of 760997 shares trading hands. The stock had previously closed at $119.72.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The stock has a market cap of $53.24 billion, a PE ratio of 32.28 and a beta of 1.17. The company’s 50 day simple moving average is $108.92 and its 200 day simple moving average is $106.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 10.2% during the fourth quarter. Whittier Trust Co. now owns 1,040 shares of the company’s stock valued at $112,000 after purchasing an additional 96 shares during the period. SmartHarvest Portfolios LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 1.7% during the first quarter. SmartHarvest Portfolios LLC now owns 5,804 shares of the company’s stock valued at $568,000 after purchasing an additional 96 shares during the period. Providence Capital Advisors LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 10.6% during the third quarter. Providence Capital Advisors LLC now owns 1,010 shares of the company’s stock valued at $106,000 after purchasing an additional 97 shares during the period. Thoroughbred Financial Services LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 0.6% during the fourth quarter. Thoroughbred Financial Services LLC now owns 17,381 shares of the company’s stock valued at $1,854,000 after purchasing an additional 99 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 0.4% during the third quarter. Pathstone Holdings LLC now owns 22,934 shares of the company’s stock valued at $2,397,000 after purchasing an additional 102 shares during the period.

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). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.