NewEdge Advisors LLC Boosts Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

NewEdge Advisors LLC raised its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 14.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 371,179 shares of the company’s stock after acquiring an additional 46,991 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $29,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 125.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock worth $966,827,000 after buying an additional 6,706,045 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth about $262,606,000. LPL Financial LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock valued at $2,407,804,000 after acquiring an additional 2,013,457 shares during the last quarter. Cetera Investment Advisers raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 282.8% during the 1st quarter. Cetera Investment Advisers now owns 2,192,642 shares of the company’s stock worth $160,392,000 after acquiring an additional 1,619,888 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 117.6% during the second quarter. Savant Capital LLC now owns 2,512,342 shares of the company’s stock worth $201,314,000 after purchasing an additional 1,357,615 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Down 0.5 %

Shares of SPYG opened at $82.49 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $56.78 and a 12-month high of $84.16. The firm has a market cap of $28.31 billion, a PE ratio of 27.22 and a beta of 1.14. The company’s 50 day simple moving average is $79.27 and its 200-day simple moving average is $76.97.

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).