SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 52-Week High – Here’s Why

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $85.50 and last traded at $85.46, with a volume of 55459 shares trading hands. The stock had previously closed at $83.84.

SPDR Portfolio S&P 500 Growth ETF Trading Up 2.6 %

The firm’s 50-day simple moving average is $82.09 and its two-hundred day simple moving average is $79.11. The company has a market cap of $29.53 billion, a PE ratio of 27.22 and a beta of 1.14.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

Institutional investors have recently added to or reduced their stakes in the stock. Avidian Wealth Solutions LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 9.9% in the 1st quarter. Avidian Wealth Solutions LLC now owns 5,646 shares of the company’s stock valued at $413,000 after buying an additional 508 shares during the period. Csenge Advisory Group raised its position in SPDR Portfolio S&P 500 Growth ETF by 35.1% in the 1st quarter. Csenge Advisory Group now owns 8,434 shares of the company’s stock valued at $617,000 after purchasing an additional 2,190 shares during the last quarter. Financial Council LLC lifted its position in SPDR Portfolio S&P 500 Growth ETF by 6.4% during the 1st quarter. Financial Council LLC now owns 70,293 shares of the company’s stock worth $5,142,000 after acquiring an additional 4,247 shares during the period. Advisory Alpha LLC lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 7.7% in the 1st quarter. Advisory Alpha LLC now owns 2,886,774 shares of the company’s stock worth $211,174,000 after acquiring an additional 206,571 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 195.6% in the 1st quarter. Advisory Services Network LLC now owns 121,970 shares of the company’s stock valued at $8,922,000 after purchasing an additional 80,704 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).