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

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) hit a new 52-week high on Tuesday . The stock traded as high as $122.92 and last traded at $122.71, with a volume of 2445562 shares changing hands. The stock had previously closed at $119.66.

SPDR Portfolio S&P 500 Growth ETF Stock Up 2.4%

The firm has a market cap of $54.19 billion, a P/E ratio of 32.28 and a beta of 1.17. The firm has a fifty day moving average of $117.86 and a 200-day moving average of $110.67.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SPYG. Morgan Stanley boosted its position in SPDR Portfolio S&P 500 Growth ETF by 95.9% during the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after purchasing an additional 7,939,766 shares during the period. Allworth Financial LP raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% in the fourth quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock valued at $1,321,474,000 after purchasing an additional 990,106 shares during the period. Valpey Financial Services LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8,907.1% in the fourth quarter. Valpey Financial Services LLC now owns 689,133 shares of the company’s stock valued at $73,530,000 after purchasing an additional 681,482 shares during the period. Stifel Financial Corp lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 63.8% during the 4th quarter. Stifel Financial Corp now owns 1,729,269 shares of the company’s stock worth $184,514,000 after buying an additional 673,790 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 81.4% during the 4th quarter. Benjamin Edwards Inc. now owns 1,342,569 shares of the company’s stock worth $143,254,000 after buying an additional 602,485 shares during the last quarter.

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). 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.