Meridian Wealth Management LLC Decreases Holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Meridian Wealth Management LLC trimmed its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,127 shares of the company’s stock after selling 6,156 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $5,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPYG. Franklin Resources Inc. lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 132.3% in the third quarter. Franklin Resources Inc. now owns 13,196 shares of the company’s stock valued at $1,118,000 after purchasing an additional 7,516 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at $200,000. Rede Wealth LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8.6% during the 4th quarter. Rede Wealth LLC now owns 24,108 shares of the company’s stock valued at $2,119,000 after buying an additional 1,903 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 11.5% during the 4th quarter. AdvisorNet Financial Inc now owns 9,863 shares of the company’s stock worth $867,000 after acquiring an additional 1,019 shares during the period. Finally, Compass Capital Corp MA ADV bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth $3,268,000.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPDR Portfolio S&P 500 Growth ETF stock opened at $87.59 on Monday. The stock has a market capitalization of $34.54 billion, a P/E ratio of 32.27 and a beta of 1.07. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.48 and a 52-week high of $92.76. The stock’s 50-day simple moving average is $89.90 and its 200 day simple moving average is $86.13.

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).