Gibbs Wealth Management Has $38.55 Million Stock Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

Gibbs Wealth Management grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 133.9% during the first quarter, Holdings Channel reports. The institutional investor owned 393,753 shares of the company’s stock after acquiring an additional 225,437 shares during the period. SPDR Portfolio S&P 500 Growth ETF makes up about 5.1% of Gibbs Wealth Management’s holdings, making the stock its largest position. Gibbs Wealth Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $38,552,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPYG. United Financial Planning Group LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 583.8% in the fourth quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $27,000 after buying an additional 216 shares during the period. Financial Life Planners bought a new position in SPDR Portfolio S&P 500 Growth ETF during the first quarter valued at about $27,000. New Millennium Group LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF during the fourth quarter valued at about $29,000. Finally, Indiana Trust & Investment Management Co acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the first quarter worth about $27,000.

SPDR Portfolio S&P 500 Growth ETF Trading Down 1.7%

NYSEARCA:SPYG opened at $115.65 on Friday. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $93.61 and a twelve month high of $122.92. The company has a 50-day moving average of $118.21 and a 200-day moving average of $110.29. The firm has a market cap of $51.01 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

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.