AlphaStar Capital Management LLC Purchases 34,164 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

AlphaStar Capital Management LLC increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,185,371 shares of the company’s stock after purchasing an additional 34,164 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for about 10.9% of AlphaStar Capital Management LLC’s investment portfolio, making the stock its largest holding. AlphaStar Capital Management LLC owned approximately 0.35% of SPDR Portfolio S&P 500 Growth ETF worth $104,194,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SPYG. Franklin Resources Inc. raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 132.3% during the third quarter. Franklin Resources Inc. now owns 13,196 shares of the company’s stock valued at $1,118,000 after purchasing an additional 7,516 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth $200,000. AdvisorNet Financial Inc boosted its position in SPDR Portfolio S&P 500 Growth ETF by 11.5% in the 4th quarter. AdvisorNet Financial Inc now owns 9,863 shares of the company’s stock valued at $867,000 after buying an additional 1,019 shares during the last quarter. Tallon Kerry Patrick purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $268,000. Finally, Redwood Investment Management LLC increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 128.0% during the third quarter. Redwood Investment Management LLC now owns 64,176 shares of the company’s stock worth $5,395,000 after acquiring an additional 36,033 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG opened at $90.69 on Friday. SPDR Portfolio S&P 500 Growth ETF has a one year low of $68.48 and a one year high of $92.76. The stock has a 50-day moving average price of $89.68 and a 200 day moving average price of $84.61. The company has a market capitalization of $31.13 billion, a P/E ratio of 27.22 and a beta of 1.14.

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).