SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 52-Week High – What’s Next?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $91.85 and last traded at $91.72, with a volume of 5314 shares traded. The stock had previously closed at $90.81.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The stock has a 50-day moving average of $88.59 and a 200 day moving average of $83.86. The firm has a market capitalization of $31.54 billion, a P/E ratio of 27.22 and a beta of 1.14.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings 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 acquiring an additional 7,516 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at about $200,000. AdvisorNet Financial Inc boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 11.5% in the 4th quarter. AdvisorNet Financial Inc now owns 9,863 shares of the company’s stock valued at $867,000 after purchasing an additional 1,019 shares during the last quarter. Cetera Investment Advisers grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 11.9% during the 2nd quarter. Cetera Investment Advisers now owns 2,454,089 shares of the company’s stock worth $196,646,000 after buying an additional 261,447 shares during the period. Finally, Tallon Kerry Patrick bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth approximately $268,000.

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).