IFP Advisors Inc Trims Stock Holdings in SPDR Portfolio S&P 500 Growth ETF $SPYG

IFP Advisors Inc reduced its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,456 shares of the company’s stock after selling 5,806 shares during the quarter. IFP Advisors Inc’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $3,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock valued at $1,147,764,000 after acquiring an additional 754,395 shares during the period. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock worth $1,036,342,000 after purchasing an additional 61,348 shares during the period. JPMorgan Chase & Co. grew its position in SPDR Portfolio S&P 500 Growth ETF by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,642,681 shares of the company’s stock worth $537,860,000 after purchasing an additional 198,401 shares during the last quarter. HB Wealth Management LLC grew its position in SPDR Portfolio S&P 500 Growth ETF by 9.2% during the 3rd quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock worth $479,781,000 after purchasing an additional 402,591 shares during the last quarter. Finally, Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 1.2% in the third quarter. Valmark Advisers Inc. now owns 4,645,016 shares of the company’s stock valued at $485,451,000 after purchasing an additional 52,840 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

NYSEARCA SPYG opened at $98.91 on Friday. The firm’s fifty day moving average is $104.71 and its two-hundred day moving average is $105.17. SPDR Portfolio S&P 500 Growth ETF has a one year low of $68.65 and a one year high of $109.63. The firm has a market cap of $42.19 billion, a PE ratio of 32.28 and a beta of 1.11.

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.