SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Reaches New 52-Week High – Should You Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $91.01 and last traded at $90.93, with a volume of 378286 shares changing hands. The stock had previously closed at $90.40.

SPDR Portfolio S&P 500 Growth ETF Trading Down 3.3 %

The company has a market capitalization of $30.21 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. The firm’s 50 day simple moving average is $86.38 and its 200-day simple moving average is $82.20.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Growth ETF

Institutional investors have recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter worth $26,000. Brown Brothers Harriman & Co. acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the third quarter worth about $36,000. Costello Asset Management INC increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 58.0% in the third quarter. Costello Asset Management INC now owns 545 shares of the company’s stock valued at $45,000 after buying an additional 200 shares in the last quarter. Urban Financial Advisory Corp purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at about $45,000. Finally, Hollencrest Capital Management acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter valued at approximately $49,000.

SPDR Portfolio S&P 500 Growth ETF Company 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).