Valmark Advisers Inc. Buys 52,840 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,645,016 shares of the company’s stock after buying an additional 52,840 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises 6.3% of Valmark Advisers Inc.’s portfolio, making the stock its 2nd largest position. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $485,451,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Allworth Financial LP boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 1.2% in the 2nd quarter. Allworth Financial LP now owns 11,348,851 shares of the company’s stock worth $1,081,773,000 after acquiring an additional 131,104 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 77.6% during the second quarter. Envestnet Asset Management Inc. now owns 10,227,943 shares of the company’s stock worth $974,928,000 after purchasing an additional 4,470,135 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 9,853,254 shares of the company’s stock valued at $938,988,000 after purchasing an additional 1,120,425 shares during the period. JPMorgan Chase & Co. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,642,681 shares of the company’s stock valued at $537,860,000 after purchasing an additional 198,401 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 9.2% during the 3rd quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock valued at $479,781,000 after purchasing an additional 402,591 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPYG stock opened at $107.92 on Friday. The company’s fifty day moving average price is $106.48 and its two-hundred day moving average price is $102.72. The firm has a market capitalization of $45.82 billion, a P/E ratio of 32.28 and a beta of 1.11. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $68.65 and a 12 month high of $109.63.

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). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.