SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Position Cut by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC reduced its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 88.8% during the 4th quarter, Holdings Channel reports. The fund owned 4,879 shares of the company’s stock after selling 38,720 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SPYG. Envestnet Asset Management Inc. increased its stake in shares of 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 valued at $1,479,592,000 after acquiring an additional 10,754,386 shares during the period. Raymond James Financial Inc. bought a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at $323,542,000. Dynasty Wealth Management LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at $311,395,000. LPL Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 34,023,208 shares of the company’s stock worth $2,990,640,000 after buying an additional 2,620,046 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings 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 buying an additional 1,576,091 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Down 2.9 %

NYSEARCA:SPYG opened at $76.55 on Thursday. The business’s 50-day moving average price is $83.27 and its 200 day moving average price is $85.97. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.48 and a 52-week high of $92.76. The firm has a market cap of $29.11 billion, a P/E ratio of 29.10 and a beta of 1.12.

SPDR Portfolio S&P 500 Growth ETF Company 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).