Valmark Advisers Inc. Reduces Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

Valmark Advisers Inc. trimmed its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,592,176 shares of the company’s stock after selling 152,168 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for 6.1% of Valmark Advisers Inc.’s portfolio, making the stock its 2nd biggest holding. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $437,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SPYG. Truist Financial Corp boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 662.1% in the second quarter. Truist Financial Corp now owns 2,059,594 shares of the company’s stock worth $196,320,000 after acquiring an additional 1,789,329 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the second quarter worth $99,999,000. SCS Capital Management LLC boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 94.1% in the first quarter. SCS Capital Management LLC now owns 1,793,264 shares of the company’s stock worth $144,125,000 after acquiring an additional 869,311 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 7.2% in the first quarter. Ameriprise Financial Inc. now owns 8,732,829 shares of the company’s stock worth $701,653,000 after acquiring an additional 583,587 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 33.5% in the first quarter. HighTower Advisors LLC now owns 2,207,192 shares of the company’s stock worth $177,392,000 after acquiring an additional 553,803 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG stock opened at $104.75 on Wednesday. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $68.65 and a 1-year high of $105.59. The business has a fifty day moving average price of $101.30 and a 200-day moving average price of $92.44. The stock has a market capitalization of $43.60 billion, a P/E ratio of 32.28 and a beta of 1.05.

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).