Modern Wealth Management LLC Buys 46,251 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Modern Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 21.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 258,721 shares of the company’s stock after buying an additional 46,251 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for about 0.8% of Modern Wealth Management LLC’s holdings, making the stock its 27th biggest position. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $23,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SPYG. BankPlus Trust Department purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at about $36,000. Valued Wealth Advisors LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter worth about $41,000. Urban Financial Advisory Corp bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter worth approximately $45,000. Finally, West Branch Capital LLC grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 916.1% during the fourth quarter. West Branch Capital LLC now owns 569 shares of the company’s stock valued at $50,000 after buying an additional 513 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Up 2.3 %

Shares of NYSEARCA SPYG opened at $84.13 on Tuesday. The firm has a market cap of $31.95 billion, a P/E ratio of 29.52 and a beta of 1.08. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $68.48 and a twelve month high of $92.76. The company has a 50 day moving average of $87.81 and a 200 day moving average of $86.40.

SPDR Portfolio S&P 500 Growth ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.117 per share. The ex-dividend date is Monday, March 24th.

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).