Red Crane Wealth Management LLC Acquires New Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Red Crane Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 47,871 shares of the company’s stock, valued at approximately $4,208,000. SPDR Portfolio S&P 500 Growth ETF makes up approximately 4.0% of Red Crane Wealth Management LLC’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in SPDR Portfolio S&P 500 Growth ETF by 99.1% in the 3rd quarter. Blue Trust Inc. now owns 663 shares of the company’s stock valued at $53,000 after acquiring an additional 330 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 9.1% in the third quarter. Arkadios Wealth Advisors now owns 3,520 shares of the company’s stock worth $292,000 after purchasing an additional 294 shares in the last quarter. Worth Financial Advisory Group LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the third quarter worth $241,000. Cantor Fitzgerald Investment Advisors L.P. bought a new position in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at $1,654,000. Finally, Diversify Advisory Services LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 22.3% in the third quarter. Diversify Advisory Services LLC now owns 145,978 shares of the company’s stock valued at $12,385,000 after purchasing an additional 26,611 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:SPYG opened at $87.69 on Wednesday. The company’s 50-day moving average price is $89.97 and its two-hundred day moving average price is $85.93. SPDR Portfolio S&P 500 Growth ETF has a one year low of $68.48 and a one year high of $92.76. The stock has a market capitalization of $30.10 billion, a PE ratio of 27.22 and a beta of 1.14.

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).