SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) is Convergence Financial LLC’s Largest Position

Convergence Financial LLC lowered its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 411,930 shares of the company’s stock after selling 1,293 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for about 7.2% of Convergence Financial LLC’s portfolio, making the stock its largest position. Convergence Financial LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $36,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPYG. Nwam LLC raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.0% in the 4th quarter. Nwam LLC now owns 3,529 shares of the company’s stock valued at $310,000 after purchasing an additional 230 shares in the last quarter. Red Crane Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at $4,208,000. LifeGoal Wealth Advisors acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at $333,000. Siligmueller & Norvid Wealth Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $4,561,000. Finally, Ackerman Capital Advisors LLC boosted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 0.3% during the 4th quarter. Ackerman Capital Advisors LLC now owns 665,457 shares of the company’s stock worth $58,494,000 after acquiring an additional 2,013 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPYG opened at $88.31 on Thursday. SPDR Portfolio S&P 500 Growth ETF has a one year low of $68.48 and a one year high of $92.76. The company has a market cap of $34.82 billion, a P/E ratio of 32.27 and a beta of 1.07. The business’s 50-day simple moving average is $89.97 and its 200-day simple moving average is $85.95.

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).