Drive Wealth Management LLC Increases Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

Drive Wealth Management LLC grew its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,610 shares of the company’s stock after acquiring an additional 1,012 shares during the quarter. Drive Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth $28,000. Tompkins Financial Corp purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter worth $36,000. Pacifica Partners Inc. grew its stake in SPDR Portfolio S&P 500 Growth ETF by 1,562.5% during the 2nd quarter. Pacifica Partners Inc. now owns 399 shares of the company’s stock worth $38,000 after buying an additional 375 shares during the last quarter. Security National Bank grew its stake in SPDR Portfolio S&P 500 Growth ETF by 90.9% during the 1st quarter. Security National Bank now owns 443 shares of the company’s stock worth $36,000 after buying an additional 211 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth $38,000.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPYG stock opened at $104.24 on Monday. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $68.65 and a 1-year high of $106.22. The stock’s fifty day moving average price is $102.23 and its 200 day moving average price is $93.78. The company has a market cap of $43.44 billion, a price-to-earnings ratio of 32.28 and a beta of 1.05.

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).