Horizon Investments LLC Sells 912,589 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Horizon Investments LLC lessened its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,569,845 shares of the company’s stock after selling 912,589 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises about 14.0% of Horizon Investments LLC’s investment portfolio, making the stock its biggest position. Horizon Investments LLC owned about 1.62% of SPDR Portfolio S&P 500 Growth ETF worth $489,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPYG. Raymond James Financial Inc. bought a new position in SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth $323,542,000. Dynasty Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $311,395,000. Independent Advisor Alliance increased its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7,157.9% during the 4th quarter. Independent Advisor Alliance now owns 1,598,110 shares of the company’s stock worth $140,474,000 after purchasing an additional 1,576,091 shares during the period. LPL Financial LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.5% during the third quarter. LPL Financial LLC now owns 31,403,162 shares of the company’s stock valued at $2,604,578,000 after buying an additional 1,354,443 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 70.3% in the third quarter. Kestra Investment Management LLC now owns 2,251,726 shares of the company’s stock valued at $186,758,000 after buying an additional 929,872 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Up 0.3 %

Shares of SPYG opened at $82.36 on Tuesday. The stock’s 50-day moving average price is $88.40 and its 200 day moving average price is $86.29. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 29.52 and a beta of 1.08. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $68.48 and a 12-month high of $92.76.

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).