SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 12-Month High – Time to Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $113.59 and last traded at $113.59, with a volume of 3122 shares changing hands. The stock had previously closed at $112.88.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The company has a 50-day simple moving average of $104.06 and a two-hundred day simple moving average of $105.48. The firm has a market capitalization of $50.12 billion, a P/E ratio of 32.28 and a beta of 1.17.

Institutional Trading of SPDR Portfolio S&P 500 Growth ETF

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 0.7% in the 1st quarter. Sanctuary Advisors LLC now owns 138,919 shares of the company’s stock worth $13,602,000 after purchasing an additional 949 shares in the last quarter. Sigma Planning Corp boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 5.8% in the 1st quarter. Sigma Planning Corp now owns 11,885 shares of the company’s stock worth $1,164,000 after purchasing an additional 652 shares in the last quarter. Camden National Bank boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 16.1% in the 1st quarter. Camden National Bank now owns 26,688 shares of the company’s stock worth $2,613,000 after purchasing an additional 3,702 shares in the last quarter. 1ST Source Bank boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 0.5% in the 1st quarter. 1ST Source Bank now owns 87,653 shares of the company’s stock worth $8,582,000 after purchasing an additional 409 shares in the last quarter. Finally, Nwam LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 18.0% in the 1st quarter. Nwam LLC now owns 5,021 shares of the company’s stock worth $492,000 after purchasing an additional 766 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). 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.