SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Reaches New 52-Week High – Should You Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $122.92 and last traded at $122.71, with a volume of 2445562 shares trading hands. The stock had previously closed at $119.66.

SPDR Portfolio S&P 500 Growth ETF Price Performance

The stock has a fifty day moving average price of $117.97 and a two-hundred day moving average price of $110.88. The company has a market capitalization of $54.12 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of large investors have recently modified their holdings of the company. United Financial Planning Group LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its stake in SPDR Portfolio S&P 500 Growth ETF by 583.8% during the fourth quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $27,000 after buying an additional 216 shares during the period. Financial Life Planners purchased a new stake in SPDR Portfolio S&P 500 Growth ETF during the first quarter worth approximately $27,000. Indiana Trust & Investment Management Co acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the first quarter worth $27,000. Finally, New Millennium Group LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at $29,000.

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.