Accel Wealth Management Buys New Shares in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Accel Wealth Management bought a new stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the first quarter, HoldingsChannel reports. The fund bought 5,022 shares of the company’s stock, valued at approximately $367,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Cornerstone Wealth Management LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 2.6% in the first quarter. Cornerstone Wealth Management LLC now owns 135,573 shares of the company’s stock valued at $9,917,000 after purchasing an additional 3,389 shares in the last quarter. Wallington Asset Management LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 56.3% in the first quarter. Wallington Asset Management LLC now owns 8,465 shares of the company’s stock valued at $619,000 after purchasing an additional 3,050 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.2% in the 1st quarter. Valeo Financial Advisors LLC now owns 29,248 shares of the company’s stock valued at $2,139,000 after acquiring an additional 344 shares during the period. Tower Wealth Partners Inc. grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.5% in the 1st quarter. Tower Wealth Partners Inc. now owns 183,259 shares of the company’s stock valued at $13,405,000 after acquiring an additional 2,783 shares during the period. Finally, Summit Investment Advisory Services LLC grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 5.3% in the 1st quarter. Summit Investment Advisory Services LLC now owns 20,421 shares of the company’s stock valued at $1,494,000 after acquiring an additional 1,025 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPYG opened at $82.11 on Friday. The firm has a 50-day moving average of $76.54 and a 200-day moving average of $71.93. SPDR Portfolio S&P 500 Growth ETF has a one year low of $56.78 and a one year high of $82.15. The company has a market cap of $28.18 billion, a PE ratio of 27.22 and a beta of 1.14.

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).