Collaborative Wealth Managment Inc. Sells 47,561 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Collaborative Wealth Managment Inc. lowered its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 42.7% in the first quarter, HoldingsChannel.com reports. The firm owned 63,796 shares of the company’s stock after selling 47,561 shares during the period. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 2.9% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 8th largest holding. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $6,246,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley raised its position in SPDR Portfolio S&P 500 Growth ETF by 95.9% in the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock valued at $1,730,624,000 after purchasing an additional 7,939,766 shares during the period. Allworth Financial LP boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% during the fourth quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock worth $1,321,474,000 after buying an additional 990,106 shares during the period. Valpey Financial Services LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8,907.1% during the fourth quarter. Valpey Financial Services LLC now owns 689,133 shares of the company’s stock worth $73,530,000 after buying an additional 681,482 shares during the period. Stifel Financial Corp grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 63.8% in the fourth quarter. Stifel Financial Corp now owns 1,729,269 shares of the company’s stock valued at $184,514,000 after buying an additional 673,790 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 81.4% in the fourth quarter. Benjamin Edwards Inc. now owns 1,342,569 shares of the company’s stock valued at $143,254,000 after buying an additional 602,485 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.5%

SPYG stock opened at $119.97 on Thursday. The business’s fifty day moving average price is $118.33 and its 200 day moving average price is $109.88. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $93.61 and a 12-month high of $122.92. The company has a market capitalization of $53.09 billion, a PE 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.