Modern Wealth Management LLC Has $20.50 Million Stake in SPDR Portfolio S&P 500 Growth ETF $SPYG

Modern Wealth Management LLC lowered its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 3.7% in the third quarter, HoldingsChannel.com reports. The fund owned 196,154 shares of the company’s stock after selling 7,476 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $20,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SPYG. Optiver Holding B.V. acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth about $25,000. Clayton Financial Group LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at about $26,000. CGC Financial Services LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF during the third quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the third quarter worth approximately $41,000. Finally, Russell Investments Group Ltd. increased its position in SPDR Portfolio S&P 500 Growth ETF by 138.0% during the second quarter. Russell Investments Group Ltd. now owns 545 shares of the company’s stock worth $52,000 after buying an additional 316 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Down 1.6%

NYSEARCA:SPYG opened at $102.12 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $68.65 and a 12-month high of $109.63. The firm has a market capitalization of $43.55 billion, a price-to-earnings ratio of 32.28 and a beta of 1.11. The stock’s 50 day moving average price is $105.76 and its two-hundred day moving average price is $104.98.

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). 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.