SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 52-Week High – Still a Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $109.73 and last traded at $109.38, with a volume of 555848 shares changing hands. The stock had previously closed at $109.37.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The stock has a 50 day moving average of $102.73 and a 200-day moving average of $105.04. The firm has a market capitalization of $48.04 billion, a P/E ratio of 32.28 and a beta of 1.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $25,000. United Financial Planning Group LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $25,000. Clayton Financial Group LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $26,000. Financial Life Planners purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $26,000. Finally, Hantz Financial Services Inc. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 583.8% during the 4th quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock valued at $27,000 after buying an additional 216 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Company 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). 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.