SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sees Strong Trading Volume – Should You Buy?

Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) saw an uptick in trading volume on Wednesday . 9,812,240 shares changed hands during trading, an increase of 310% from the previous session’s volume of 2,390,913 shares.The stock last traded at $81.85 and had previously closed at $80.34.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

The business’s 50-day simple moving average is $88.98 and its 200-day simple moving average is $86.26. The company has a market capitalization of $32.17 billion, a price-to-earnings ratio of 32.27 and a beta of 1.07.

Institutional Trading of SPDR Portfolio S&P 500 Growth ETF

A number of hedge funds have recently modified their holdings of SPYG. Centaurus Financial Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 3.6% during the 4th quarter. Centaurus Financial Inc. now owns 158,651 shares of the company’s stock worth $13,945,000 after purchasing an additional 5,563 shares in the last quarter. Copia Wealth Management acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth $113,000. Elite Financial Inc. bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at $10,192,000. TFR Capital LLC. bought a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $613,000. Finally, Copley Financial Group Inc. raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 241.8% in the 4th quarter. Copley Financial Group Inc. now owns 5,458 shares of the company’s stock valued at $480,000 after purchasing an additional 3,861 shares during the period.

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).