SPDR Portfolio S&P 500 Growth ETF $SPYG is Founders Capital Management’s 4th Largest Position

Founders Capital Management increased its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,445 shares of the company’s stock after purchasing an additional 2,204 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for 5.0% of Founders Capital Management’s portfolio, making the stock its 4th largest position. Founders Capital Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $8,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 7.2% during the 1st quarter. Ameriprise Financial Inc. now owns 8,732,829 shares of the company’s stock valued at $701,653,000 after acquiring an additional 583,587 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 3.5% during the 1st quarter. JPMorgan Chase & Co. now owns 5,444,280 shares of the company’s stock valued at $437,557,000 after acquiring an additional 183,095 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 3.3% in the 1st quarter. HB Wealth Management LLC now owns 4,788,489 shares of the company’s stock worth $371,691,000 after buying an additional 153,895 shares during the last quarter. Valmark Advisers Inc. lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 2.4% in the 1st quarter. Valmark Advisers Inc. now owns 4,744,344 shares of the company’s stock worth $381,303,000 after buying an additional 109,101 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 5.9% in the 1st quarter. Townsquare Capital LLC now owns 4,209,404 shares of the company’s stock worth $338,310,000 after buying an additional 233,536 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPDR Portfolio S&P 500 Growth ETF stock opened at $104.51 on Wednesday. The firm’s 50-day moving average is $100.64 and its 200-day moving average is $91.64. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $68.65 and a 1 year high of $105.41. The company has a market cap of $41.80 billion, a P/E ratio of 32.28 and a beta of 1.05.

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).