Royal Bank of Canada grew its position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report) by 11.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,786,235 shares of the company’s stock after buying an additional 297,196 shares during the period. Royal Bank of Canada’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $272,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in SPYG. Morgan Stanley boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 95.9% during the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after buying an additional 7,939,766 shares in the last quarter. Allworth Financial LP increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 8.7% in the fourth quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock valued at $1,321,474,000 after buying an additional 990,106 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock valued at $615,481,000 after buying an additional 258,138 shares in the last quarter. Horizon Investments LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.0% in the fourth quarter. Horizon Investments LLC now owns 5,389,258 shares of the company’s stock worth $575,034,000 after acquiring an additional 52,598 shares during the period. Finally, Valmark Advisers Inc. raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.8% in the first quarter. Valmark Advisers Inc. now owns 4,884,338 shares of the company’s stock worth $478,226,000 after acquiring an additional 223,140 shares during the period.
SPDR Portfolio S&P 500 Growth ETF Stock Down 2.0%
SPYG stock opened at $111.91 on Thursday. The company’s 50-day simple moving average is $117.91 and its 200-day simple moving average is $110.47. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $93.61 and a 52-week high of $122.92. The firm has a market cap of $49.50 billion, a P/E ratio of 32.28 and a beta of 1.17.
SPDR Portfolio S&P 500 Growth ETF 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). 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.
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