Redwood Investment Management LLC Increases Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Redwood Investment Management LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 396.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 318,543 shares of the company’s stock after buying an additional 254,367 shares during the period. SPDR Portfolio S&P 500 Growth ETF makes up 2.7% of Redwood Investment Management LLC’s investment portfolio, making the stock its 7th largest holding. Redwood Investment Management LLC owned about 0.09% of SPDR Portfolio S&P 500 Growth ETF worth $28,000,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SPYG. LPL Financial LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 34,023,208 shares of the company’s stock worth $2,990,640,000 after purchasing an additional 2,620,046 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 176.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,832,670 shares of the company’s stock worth $1,479,592,000 after purchasing an additional 10,754,386 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.2% in the fourth quarter. Ameriprise Financial Inc. now owns 8,149,242 shares of the company’s stock valued at $716,533,000 after acquiring an additional 330,025 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 1.9% in the fourth quarter. JPMorgan Chase & Co. now owns 5,261,185 shares of the company’s stock worth $462,458,000 after purchasing an additional 99,358 shares during the period. Finally, HB Wealth Management LLC increased its stake in SPDR Portfolio S&P 500 Growth ETF by 1.3% in the 4th quarter. HB Wealth Management LLC now owns 4,634,594 shares of the company’s stock worth $393,827,000 after acquiring an additional 58,372 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

NYSEARCA SPYG opened at $89.43 on Thursday. The company has a market capitalization of $34.37 billion, a P/E ratio of 29.85 and a beta of 1.12. The company has a fifty day moving average of $80.56 and a 200-day moving average of $85.77. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.65 and a 52-week high of $92.76.

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).