New England Capital Financial Advisors LLC Cuts Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

New England Capital Financial Advisors LLC trimmed its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,328 shares of the company’s stock after selling 7,607 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 6.8% of New England Capital Financial Advisors LLC’s holdings, making the stock its 4th biggest holding. New England Capital Financial Advisors LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $12,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wade G W & Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 26.3% during the fourth quarter. Wade G W & Inc. now owns 16,341 shares of the company’s stock valued at $1,063,000 after acquiring an additional 3,400 shares in the last quarter. AMJ Financial Wealth Management bought a new position in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter worth about $921,000. Salem Investment Counselors Inc. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 2,446.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 764 shares of the company’s stock valued at $56,000 after acquiring an additional 734 shares in the last quarter. 360 Financial Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth approximately $358,000. Finally, Shepherd Financial Partners LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 116.5% during the 4th quarter. Shepherd Financial Partners LLC now owns 31,440 shares of the company’s stock worth $2,045,000 after acquiring an additional 16,916 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG traded up $0.84 on Friday, reaching $80.75. The stock had a trading volume of 1,373,337 shares, compared to its average volume of 2,384,741. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $56.78 and a 12-month high of $84.16. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. The company has a 50-day simple moving average of $79.79 and a 200-day simple moving average of $75.66.

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).