RMR Wealth Builders Reduces Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

RMR Wealth Builders cut its position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 13.9% in the first quarter, HoldingsChannel reports. The firm owned 3,902 shares of the company’s stock after selling 628 shares during the period. RMR Wealth Builders’ holdings in SPDR Portfolio S&P 500 Growth ETF were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SPYG. Envestnet Asset Management Inc. raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 176.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,832,670 shares of the company’s stock worth $1,479,592,000 after acquiring an additional 10,754,386 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth $323,542,000. Clark Capital Management Group Inc. raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 148,942.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 3,614,288 shares of the company’s stock worth $317,696,000 after acquiring an additional 3,611,863 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth $311,395,000. Finally, Connecticut Wealth Management LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 194.9% in the 4th quarter. Connecticut Wealth Management LLC now owns 4,210,466 shares of the company’s stock worth $370,100,000 after acquiring an additional 2,782,724 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Down 1.3%

SPYG opened at $91.01 on Friday. The firm has a market cap of $35.17 billion, a price-to-earnings ratio of 29.85 and a beta of 1.12. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $68.65 and a 12 month high of $92.76. The stock has a fifty day moving average price of $84.92 and a 200-day moving average price of $86.44.

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).