Marion Wealth Management Reduces Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Marion Wealth Management lessened its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,596 shares of the company’s stock after selling 255 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises 2.1% of Marion Wealth Management’s portfolio, making the stock its 13th largest holding. Marion Wealth Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $7,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 4.5% in the 3rd quarter. LPL Financial LLC now owns 31,403,162 shares of the company’s stock valued at $2,604,578,000 after acquiring an additional 1,354,443 shares in the last quarter. Allworth Financial LP grew its stake in SPDR Portfolio S&P 500 Growth ETF by 1.9% in the 3rd quarter. Allworth Financial LP now owns 13,177,373 shares of the company’s stock worth $1,092,931,000 after buying an additional 249,829 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,161,827 shares of the company’s stock worth $428,122,000 after buying an additional 122,184 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 2.4% during the 3rd quarter. Valmark Advisers Inc. now owns 4,638,687 shares of the company’s stock worth $384,733,000 after acquiring an additional 107,423 shares during the last quarter. Finally, Quotient Wealth Partners LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 3.0% in the third quarter. Quotient Wealth Partners LLC now owns 3,441,453 shares of the company’s stock worth $285,434,000 after acquiring an additional 100,502 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

NYSEARCA SPYG traded down $0.29 during trading on Monday, hitting $87.24. 1,893,524 shares of the company’s stock traded hands, compared to its average volume of 2,362,610. The stock has a fifty day moving average of $88.18 and a two-hundred day moving average of $83.49. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $64.63 and a 12-month high of $91.49. The firm has a market cap of $29.95 billion, a P/E 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).