SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Hits New 52-Week High – Here’s Why

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

SPDR Portfolio S&P 500 Growth ETF Trading Up 2.4%

The company has a 50 day simple moving average of $117.86 and a 200-day simple moving average of $110.67. The stock has a market cap of $54.19 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. United Financial Planning Group LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its position in SPDR Portfolio S&P 500 Growth ETF by 583.8% in the fourth quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $27,000 after purchasing an additional 216 shares in the last quarter. Financial Life Planners acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the 1st quarter valued at $27,000. Indiana Trust & Investment Management Co acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the 1st quarter valued at $27,000. Finally, New Millennium Group LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $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.