SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 12-Month High – What’s Next?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $92.88 and last traded at $92.61, with a volume of 11371 shares traded. The stock had previously closed at $92.33.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The company has a market cap of $31.48 billion, a PE ratio of 27.22 and a beta of 1.14. The stock’s 50-day simple moving average is $90.08 and its 200 day simple moving average is $85.44.

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

A number of large investors have recently bought and sold shares of the company. Three Cord True Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth $19,036,000. Breakthru Advisory Services LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $521,000. Fourth Dimension Wealth LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $1,500,000. Connecticut Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 194.9% in the 4th quarter. Connecticut Wealth Management LLC now owns 4,210,466 shares of the company’s stock valued at $370,100,000 after purchasing an additional 2,782,724 shares in the last quarter. Finally, JT Stratford LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 5.1% in the 4th quarter. JT Stratford LLC now owns 5,090 shares of the company’s stock valued at $447,000 after purchasing an additional 246 shares in the last quarter.

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).