Root Financial Partners LLC Acquires 5,305 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Root Financial Partners LLC increased its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 378.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,708 shares of the company’s stock after purchasing an additional 5,305 shares during the period. Root Financial Partners LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPYG. Allworth Financial LP lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% in the fourth quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock worth $1,321,474,000 after buying an additional 990,106 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.4% in the third quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after buying an additional 754,395 shares during the period. Valpey Financial Services LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 8,907.1% in the fourth quarter. Valpey Financial Services LLC now owns 689,133 shares of the company’s stock worth $73,530,000 after buying an additional 681,482 shares during the period. Benjamin Edwards Inc. increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 81.4% during the 4th quarter. Benjamin Edwards Inc. now owns 1,342,569 shares of the company’s stock worth $143,254,000 after purchasing an additional 602,485 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth $62,891,000.

SPDR Portfolio S&P 500 Growth ETF Stock Down 0.2%

SPYG opened at $122.41 on Wednesday. The stock’s fifty day moving average is $110.12 and its two-hundred day moving average is $107.17. The company has a market capitalization of $53.94 billion, a P/E ratio of 32.28 and a beta of 1.17. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $90.09 and a 52 week high of $122.92.

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). 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.