Sovereign Financial Group Inc. Lowers Stock Holdings in SPDR Portfolio S&P 500 Growth ETF $SPYG

Sovereign Financial Group Inc. lowered its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,073 shares of the company’s stock after selling 126 shares during the quarter. Sovereign Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $1,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPYG. Truist Financial Corp grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 662.1% during the second quarter. Truist Financial Corp now owns 2,059,594 shares of the company’s stock worth $196,320,000 after buying an additional 1,789,329 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the second quarter worth about $99,999,000. SCS Capital Management LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 94.1% during the first quarter. SCS Capital Management LLC now owns 1,793,264 shares of the company’s stock worth $144,125,000 after buying an additional 869,311 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.2% during the first quarter. Ameriprise Financial Inc. now owns 8,732,829 shares of the company’s stock worth $701,653,000 after buying an additional 583,587 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 33.5% during the first quarter. HighTower Advisors LLC now owns 2,207,192 shares of the company’s stock worth $177,392,000 after buying an additional 553,803 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Down 3.1%

NYSEARCA SPYG opened at $102.40 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.65 and a 52-week high of $106.22. The business’s 50-day moving average price is $101.69 and its 200 day moving average price is $92.87. The firm has a market cap of $42.64 billion, a P/E ratio of 32.28 and a beta of 1.05.

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).