92,380 Shares in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,380 shares of the company’s stock, valued at approximately $7,402,000.

Several other hedge funds also recently added to or reduced their stakes in SPYG. Arkfeld Wealth Strategies L.L.C. increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,911 shares of the company’s stock worth $1,322,000 after purchasing an additional 145 shares in the last quarter. Cahaba Wealth Management Inc. increased its position in SPDR Portfolio S&P 500 Growth ETF by 2.8% during the second quarter. Cahaba Wealth Management Inc. now owns 5,487 shares of the company’s stock worth $440,000 after buying an additional 149 shares during the period. JT Stratford LLC lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 3.5% in the first quarter. JT Stratford LLC now owns 4,817 shares of the company’s stock valued at $352,000 after buying an additional 162 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 5.8% in the second quarter. Key Client Fiduciary Advisors LLC now owns 2,974 shares of the company’s stock valued at $238,000 after acquiring an additional 163 shares during the period. Finally, WNY Asset Management LLC grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 0.8% during the fourth quarter. WNY Asset Management LLC now owns 22,238 shares of the company’s stock worth $1,447,000 after acquiring an additional 168 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPDR Portfolio S&P 500 Growth ETF stock opened at $82.49 on Friday. The firm’s fifty day simple moving average is $79.27 and its 200-day simple moving average is $76.94. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $56.78 and a 12 month high of $84.16. The stock has a market capitalization of $28.31 billion, a price-to-earnings 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).