World Equity Group Inc. Invests $695,000 in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

World Equity Group Inc. bought a new position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,906 shares of the company’s stock, valued at approximately $695,000.

Several other hedge funds also recently made changes to their positions in SPYG. Wealthgarden F.S. LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 83.6% in the 4th quarter. Wealthgarden F.S. LLC now owns 6,057 shares of the company’s stock valued at $532,000 after purchasing an additional 2,758 shares in the last quarter. MONECO Advisors LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 103.9% in the 4th quarter. MONECO Advisors LLC now owns 68,875 shares of the company’s stock valued at $6,054,000 after purchasing an additional 35,091 shares in the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $521,000. Wealthspire Advisors LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 6.4% in the 4th quarter. Wealthspire Advisors LLC now owns 147,388 shares of the company’s stock valued at $12,955,000 after purchasing an additional 8,855 shares in the last quarter. Finally, Abound Financial LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $23,673,000.

SPDR Portfolio S&P 500 Growth ETF Stock Down 2.3 %

Shares of SPYG opened at $89.59 on Monday. The company has a 50-day simple moving average of $90.09 and a 200-day simple moving average of $85.68. The company has a market capitalization of $30.75 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.48 and a 52-week high of $92.76.

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).