Cornerstone Wealth Management LLC Increases Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Cornerstone Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYGFree Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,184 shares of the company’s stock after buying an additional 1,156 shares during the period. SPDR Portfolio S&P 500 Growth ETF comprises 0.7% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $8,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 100.1% in the first quarter. JPMorgan Chase & Co. now owns 40,810 shares of the company’s stock worth $2,702,000 after purchasing an additional 20,414 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 18.0% in the first quarter. Bank of New York Mellon Corp now owns 21,620 shares of the company’s stock worth $1,432,000 after purchasing an additional 3,298 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the first quarter worth $1,294,000. Bank of Montreal Can increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 40.3% in the first quarter. Bank of Montreal Can now owns 6,208 shares of the company’s stock worth $418,000 after purchasing an additional 1,783 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.8% in the first quarter. BlackRock Inc. now owns 762,545 shares of the company’s stock worth $50,488,000 after purchasing an additional 34,919 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:SPYG opened at $72.24 on Tuesday. The firm has a fifty day moving average price of $69.53 and a 200 day moving average price of $64.46. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $52.61 and a fifty-two week high of $73.35. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 20.70 and a beta of 1.05.

SPDR Portfolio S&P 500 Growth ETF Profile

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

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