SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Hits New 52-Week High – Should You Buy?

Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) reached a new 52-week high on Tuesday . The stock traded as high as $85.27 and last traded at $85.25, with a volume of 1260157 shares. The stock had previously closed at $84.60.

SPDR Portfolio S&P 500 Growth ETF Trading Down 2.9 %

The firm has a market cap of $28.27 billion, a PE ratio of 27.22 and a beta of 1.14. The firm’s 50 day simple moving average is $81.92 and its 200 day simple moving average is $78.70.

Institutional Trading of SPDR Portfolio S&P 500 Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Connecticut Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 2.6% during the first quarter. Connecticut Wealth Management LLC now owns 1,371,164 shares of the company’s stock worth $100,301,000 after buying an additional 34,871 shares during the period. JDM Financial Group LLC raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 15.5% in the 1st quarter. JDM Financial Group LLC now owns 79,082 shares of the company’s stock worth $5,785,000 after purchasing an additional 10,635 shares during the period. WCG Wealth Advisors LLC grew its stake in SPDR Portfolio S&P 500 Growth ETF by 1.4% in the 2nd quarter. WCG Wealth Advisors LLC now owns 29,019 shares of the company’s stock valued at $2,325,000 after acquiring an additional 406 shares during the period. US Bancorp DE raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 48.9% during the 1st quarter. US Bancorp DE now owns 42,940 shares of the company’s stock worth $3,141,000 after purchasing an additional 14,107 shares during the last quarter. Finally, Financial Council LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 6.4% in the first quarter. Financial Council LLC now owns 70,293 shares of the company’s stock valued at $5,142,000 after acquiring an additional 4,247 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Company Profile

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).