Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,873,024 shares of the company’s stock after purchasing an additional 83,943 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 5.9% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 2nd largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $230,531,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter worth about $26,000. Indiana Trust & Investment Management Co acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 1st quarter valued at about $27,000. Oakworth Capital Inc. acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $35,000. Center for Financial Planning Inc. increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 482.4% during the 3rd quarter. Center for Financial Planning Inc. now owns 297 shares of the company’s stock worth $37,000 after purchasing an additional 246 shares in the last quarter. Finally, Balance Wealth Partners LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth approximately $38,000.
SPDR Portfolio S&P 500 Growth ETF Stock Down 1.0%
SPYG stock opened at $115.21 on Tuesday. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $93.61 and a twelve month high of $127.13. The stock’s 50 day moving average is $121.68 and its 200-day moving average is $114.21. The firm has a market capitalization of $53.39 billion, a PE ratio of 32.28 and a beta of 1.17.
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.
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