Fortitude Financial LLC Purchases New Shares in SPDR Portfolio S&P 500 Growth ETF $SPYG

Fortitude Financial LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the fourth quarter, Holdings Channel reports. The fund acquired 222,375 shares of the company’s stock, valued at approximately $23,727,000. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 20.1% of Fortitude Financial LLC’s holdings, making the stock its biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPYG. Optiver Holding B.V. purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the third quarter worth $25,000. Clayton Financial Group LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at $26,000. Financial Life Planners purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at $26,000. Finally, CGC Financial Services LLC bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth $30,000.

SPDR Portfolio S&P 500 Growth ETF Stock Up 1.4%

SPYG traded up $1.52 during trading on Friday, hitting $111.11. 2,822,414 shares of the company traded hands, compared to its average volume of 5,857,396. SPDR Portfolio S&P 500 Growth ETF has a one year low of $73.51 and a one year high of $111.38. The stock’s fifty day moving average is $102.73 and its 200 day moving average is $105.05. The firm has a market cap of $48.04 billion, a P/E ratio of 32.28 and a beta of 1.15.

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.