Sherman Asset Management Inc. Makes New Investment in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Sherman Asset Management Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,140 shares of the company’s stock, valued at approximately $276,000.

Other large investors have also made changes to their positions in the company. BankPlus Trust Department acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth $36,000. Valued Wealth Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth $41,000. Costello Asset Management INC increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 58.0% during the third quarter. Costello Asset Management INC now owns 545 shares of the company’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. Finally, Urban Financial Advisory Corp acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth $45,000.

SPDR Portfolio S&P 500 Growth ETF Price Performance

NYSEARCA SPYG opened at $87.59 on Friday. The stock’s fifty day moving average price is $89.90 and its 200 day moving average price is $86.08. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $68.48 and a 1 year high of $92.76. The company has a market cap of $34.54 billion, a price-to-earnings ratio of 32.27 and a beta of 1.07.

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).