SPDR Portfolio S&P 500 Growth ETF $SPYG is Collaborative Wealth Managment Inc.’s Largest Position

Collaborative Wealth Managment Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 10.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 112,016 shares of the company’s stock after buying an additional 10,888 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for about 4.7% of Collaborative Wealth Managment Inc.’s investment portfolio, making the stock its biggest holding. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $10,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 77.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,227,943 shares of the company’s stock valued at $974,928,000 after acquiring an additional 4,470,135 shares during the last quarter. Truist Financial Corp grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 662.1% in the second quarter. Truist Financial Corp now owns 2,059,594 shares of the company’s stock valued at $196,320,000 after purchasing an additional 1,789,329 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at approximately $99,999,000. SCS Capital Management LLC lifted its position in SPDR Portfolio S&P 500 Growth ETF by 94.1% during the first quarter. SCS Capital Management LLC now owns 1,793,264 shares of the company’s stock worth $144,125,000 after buying an additional 869,311 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 9,486.5% during the second quarter. Strategic Financial Concepts LLC now owns 851,088 shares of the company’s stock worth $81,126,000 after buying an additional 842,210 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Up 0.1%

Shares of SPYG opened at $104.81 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $68.65 and a 52-week high of $109.63. The stock has a fifty day simple moving average of $105.01 and a two-hundred day simple moving average of $97.88. The company has a market capitalization of $44.05 billion, a PE ratio of 32.28 and a beta of 1.11.

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).