Newport Capital Group LLC Purchases 11,438 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Newport Capital Group LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,438 shares of the company’s stock, valued at approximately $1,389,000. SPDR Portfolio S&P 500 Growth ETF accounts for about 0.9% of Newport Capital Group LLC’s portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at $26,000. Financial Life Planners bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the first quarter valued at $27,000. Indiana Trust & Investment Management Co bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the first quarter valued at $27,000. Evelyn Partners Asset Management Ltd acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the first quarter worth $35,000. Finally, Archer Investment Corp raised its stake in SPDR Portfolio S&P 500 Growth ETF by 527.9% during the first quarter. Archer Investment Corp now owns 383 shares of the company’s stock worth $38,000 after acquiring an additional 322 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:SPYG traded down $2.42 on Friday, hitting $120.25. The stock had a trading volume of 2,253,676 shares, compared to its average volume of 3,723,101. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $93.61 and a twelve month high of $127.13. The firm’s 50 day moving average price is $122.19 and its 200-day moving average price is $117.52. The company has a market capitalization of $55.62 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

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.