Cornerstone Wealth Group LLC Makes New $227,000 Investment in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Cornerstone Wealth Group LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,582 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPYG. Atticus Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 1.6% during the fourth quarter. Atticus Wealth Management LLC now owns 42,043 shares of the company’s stock valued at $3,696,000 after purchasing an additional 679 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 129.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 27,351 shares of the company’s stock worth $2,404,000 after acquiring an additional 15,448 shares during the period. PFG Investments LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth about $327,000. Drive Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 16.9% in the 4th quarter. Drive Wealth Management LLC now owns 12,312 shares of the company’s stock worth $1,082,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 62.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,442 shares of the company’s stock worth $390,000 after purchasing an additional 1,711 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPYG stock opened at $88.68 on Tuesday. The company’s fifty day moving average price is $88.92 and its 200-day moving average price is $84.05. SPDR Portfolio S&P 500 Growth ETF has a one year low of $66.89 and a one year high of $92.76. The company has a market capitalization of $30.44 billion, a PE ratio of 27.22 and a beta of 1.14.

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).