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

Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $117.63 and last traded at $117.60, with a volume of 270899 shares changing hands. The stock had previously closed at $117.56.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The stock has a market capitalization of $52.15 billion, a P/E ratio of 32.28 and a beta of 1.17. The business’s 50 day simple moving average is $104.72 and its 200-day simple moving average is $105.72.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at about $25,000. United Financial Planning Group LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at about $25,000. Financial Life Planners bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at about $26,000. Hantz Financial Services Inc. increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 583.8% in the fourth quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $27,000 after purchasing an additional 216 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at about $29,000.

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.