Independent Solutions Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 500 Growth ETF $SPYG

Independent Solutions Wealth Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,239 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also added to or reduced their stakes in SPYG. Ameriprise Financial Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 7.2% in the 1st quarter. Ameriprise Financial Inc. now owns 8,732,829 shares of the company’s stock valued at $701,653,000 after buying an additional 583,587 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 3.5% in the 1st quarter. JPMorgan Chase & Co. now owns 5,444,280 shares of the company’s stock valued at $437,557,000 after buying an additional 183,095 shares during the last quarter. HB Wealth Management LLC increased its stake in SPDR Portfolio S&P 500 Growth ETF by 3.3% in the 1st quarter. HB Wealth Management LLC now owns 4,788,489 shares of the company’s stock valued at $371,691,000 after buying an additional 153,895 shares during the last quarter. Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 2.4% in the 1st quarter. Valmark Advisers Inc. now owns 4,744,344 shares of the company’s stock valued at $381,303,000 after buying an additional 109,101 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in SPDR Portfolio S&P 500 Growth ETF by 5.9% in the 1st quarter. Townsquare Capital LLC now owns 4,209,404 shares of the company’s stock valued at $338,310,000 after buying an additional 233,536 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

NYSEARCA:SPYG opened at $104.75 on Wednesday. The firm has a 50-day moving average price of $101.30 and a two-hundred day moving average price of $92.44. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $68.65 and a 52 week high of $105.59. The firm has a market cap of $43.60 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).