Keystone Financial Group Purchases New Shares in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Keystone Financial Group bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the fourth quarter, Holdings Channel reports. The firm bought 384,830 shares of the company’s stock, valued at approximately $33,827,000. SPDR Portfolio S&P 500 Growth ETF accounts for 3.3% of Keystone Financial Group’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in SPDR Portfolio S&P 500 Growth ETF by 176.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,832,670 shares of the company’s stock worth $1,479,592,000 after buying an additional 10,754,386 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter worth $323,542,000. Dynasty Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $311,395,000. LPL Financial LLC boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 8.3% during the fourth quarter. LPL Financial LLC now owns 34,023,208 shares of the company’s stock valued at $2,990,640,000 after purchasing an additional 2,620,046 shares during the period. Finally, Independent Advisor Alliance increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 7,157.9% in the fourth quarter. Independent Advisor Alliance now owns 1,598,110 shares of the company’s stock valued at $140,474,000 after acquiring an additional 1,576,091 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPYG opened at $78.29 on Friday. The stock’s 50 day moving average price is $84.05 and its 200-day moving average price is $86.09. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.48 and a 52-week high of $92.76. The stock has a market capitalization of $29.77 billion, a PE ratio of 29.10 and a beta of 1.12.

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).