SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 12-Month High – Time to Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) shares hit a new 52-week high on Friday. The company traded as high as $125.09 and last traded at $124.9940, with a volume of 79646 shares changing hands. The stock had previously closed at $123.39.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The stock has a market cap of $57.38 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17. The business’s 50 day moving average is $120.76 and its 200 day moving average is $115.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPYG. Stonebridge Financial Group LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 2.5% during the 3rd quarter. Stonebridge Financial Group LLC now owns 244,460 shares of the company’s stock worth $30,088,000 after acquiring an additional 6,004 shares in the last quarter. Marathon Mission Inc. lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 0.9% during the third quarter. Marathon Mission Inc. now owns 246,215 shares of the company’s stock worth $30,304,000 after purchasing an additional 2,166 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 1,472.7% in the second quarter. QRG Capital Management Inc. now owns 49,476 shares of the company’s stock valued at $5,887,000 after purchasing an additional 46,330 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 8.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 143,845 shares of the company’s stock valued at $17,116,000 after purchasing an additional 10,970 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 10.5% in the second quarter. Envestnet Asset Management Inc. now owns 9,489,431 shares of the company’s stock valued at $1,129,147,000 after purchasing an additional 903,774 shares during the last quarter.

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.